Salomon Sutton Acquires Development Site In Liberty City, Miami For $1.3M
6611 Northwest 27th Avenue, Miami, Florida 33147, United States
$1,300,000
$38/SF
Building Size
33,600 SF
Asset Type
Development Site
Closing
Apr 21, 2022
AI
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
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93