Bravo & Partners Realty Secures $3.5M Sale Of Development Site In South Miami With Brokers Alejandro Diaz & Neyda Bravo
SOLD
$3,500,000
Florida
See Similar DealsDevelopment Site
Sold 01/09/2023
SOLD
Bravo & Partners Realty Secures $3.5M Sale Of Development Site In South Miami With Brokers Alejandro Diaz & Neyda Bravo
6914 Sw 62 Ave
See Similar DealsDevelopment Site
Sold 01/09/2023
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Sale
A development site in South Miami has been sold for a total price of $3,500,000. The property, located at 6931 SW 62 Ct, 6240 SW 69 St, 6230 SW 69 St, & 6914 SW 62 Ave, offers an attractive investment opportunity. The transaction took place on January 9th, 2023.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,500,000
- Address: 6931 SW 62 Ct, 6240 SW 69 St, 6230 SW 69 St, & 6914 SW 62 Ave
- Market: South Miami
The sale of this development site was facilitated by Alejandro (Alex) Diaz and Neyda Bravo from Bravo & Partners Realty. They represented the respective parties involved in the transaction. Alejandro (Alex) Diaz and Neyda Bravo are experienced brokers who played a significant role in ensuring the success of this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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