Updated Sep 5, 2024
Rebeca Yunez Acquires Development Site On Northwest 3rd Street In Miami For $2.5M
727 NW 3rd St Miami, FL 33128, USA
$2,515,000
$165/SF
Building Size
15,207 SF
Asset Type
Development Site
Closing
Jul 17, 2023
About this deal
AI
A development site located at 727 Northwest 3rd Street in Miami has been sold for $2,515,000. The property spans a total of 15,207 square feet, resulting in a price per square foot of $165.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,515,000
- Address: 727 Northwest 3rd Street, Miami
- Square Footage: 15,207
- Market: Miami
The buyer of the property is Rebeca Yunez, while the seller is Barry Blaxberg. The deal was facilitated by Eduardo Toledo and Jonathan De LaRosa, who represented both parties as brokers from Marcus & Millichap.
Players
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
6.31%
Cash-on-Cash
-1.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93