Salomon Sutton Acquires Development Site In Liberty City, Miami For $1.3M
SOLD
$1,300,000
Florida
See Similar DealsDevelopment Site33,600 SF
Sold 04/22/2022
SOLD
Salomon Sutton Acquires Development Site In Liberty City, Miami For $1.3M
6611 Northwest 27th Avenue, Miami, Florida 33147, United States
See Similar DealsDevelopment Site33,600 SF
Sold 04/22/2022
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$38
Total Square Footage:33,600 SF
Transaction Type:Sale
A development site located at 6611 NW 27th Ave in Liberty City, Miami has been sold for $1,300,000. The property spans 33,600 square feet, resulting in a price per square foot of $39. The sale took place on April 22, 2022.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $1,300,000
- Address: 6611 NW 27th Ave, Liberty City, Miami
- Square Footage: 33,600
- Price per Square Foot: $39
The buyer of the property is Salomon Sutton, while the seller is Frederick Tyrone Dixon. Markos Bertolotti from Fausto Commercial represented the buyer, and Jamie Rose Maniscalco from Apex Capital Realty represented the seller in the deal.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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