Alejandro Alvarez Purchases Development Site From Jeannette Rivera In Miami For $2.5M
SOLD
$2,500,000
Florida
See Similar DealsDevelopment Site
Sold 11/07/2025
SOLD
Alejandro Alvarez Purchases Development Site From Jeannette Rivera In Miami For $2.5M
9600 Northwest 36th Avenue
See Similar DealsDevelopment Site
Sold 11/07/2025
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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