Bravo & Partners Realty Secures $3.5M Sale Of Development Site In South Miami With Brokers Alejandro Diaz & Neyda Bravo
6914 Sw 62 Ave
$3,500,000
Building Size
—
Asset Type
Development Site
Closing
Jan 9, 2023
AI
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.
Players
South Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93