Moshe Goldshtein Of ONE Sotheby's International Realty Sells 0.8-acre South Miami Development Site For $7.8M
7040 Southwest 61st Street, Miami, Florida 33143, United States
$7,800,000
$67/SF
Building Size
116,451 SF
Asset Type
Development Site
Closing
Dec 19, 2021
AI
A development site located at 7040 S.W. 61st Ave. & 7109 S.W. 61st Court in South Miami has been sold for a price of $7,800,000. The property encompasses approximately 0.8 acres and is categorized as a development site. The transaction was facilitated by broker Moshe Goldshtein from ONE Sotheby's International Realty.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $7,800,000
- Address: 7040 S.W. 61st Ave. & 7109 S.W. 61st Court, South Miami
- Market: South Miami
- Asset Type: Development Site
- Acres: 0.8
Moshe Goldshtein from ONE Sotheby's International Realty played a key role as the broker in this transaction.
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
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93