Alejandro Alvarez Purchases Development Site From Jeannette Rivera In Miami For $2.5M
9600 Northwest 36th Avenue
$2,500,000
Building Size
—
Asset Type
Development Site
Closing
Nov 6, 2025
AI
The property asset involved in the transaction is a development site located at 9600 Northwest 36th Avenue in Miami. The sale price for this asset was $2,500,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,500,000
- Buyer: Alejandro Alvarez
- Seller: Jeannette Rivera
- Brokers: Ralph Orelle & Luis Reyes - Keller Williams Realty
- Date of Transaction: 11/07/2025
The deal was facilitated by brokers Ralph Orelle and Luis Reyes, who represent Keller Williams Realty. Their involvement highlights the professional support provided throughout the transaction process.
Players
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93