Updated Dec 4, 2024
Detre Val Acquires Development Site In Miami From Karim Alnoor For $810,000
8267 North Miami Avenue
$810,000
$28/SF
Building Size
14,480 SF
Asset Type
Development Site
Closing
Jul 1, 2024
About this deal
AI
The Development Site located at 8260 Northeast Miami Court & 8267 North Miami Avenue in Miami was successfully sold for $810,000. The property spans 14,480 square feet, resulting in a price per square foot of $56.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $810,000
- Address: 8260 Northeast Miami Court & 8267 North Miami Avenue
- Market: Miami
- Buyer: Detre Val
- Seller: Karim Alnoor
- Brokers: Shlomo Poston & Yaacov Poston - The Real Estate Lab
The Real Estate Lab, represented by Shlomo Poston and Yaacov Poston, facilitated the transaction for the sale of the Development Site in Miami. The deal involved notable parties, including the buyer Detre Val and the seller Karim Alnoor.
On the Map
$810,000
$28/SF
Development Site
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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
19.58%
Cash-on-Cash
-5.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93