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9600 Northwest 36th Avenue

Alejandro Alvarez Purchases Development Site From Jeannette Rivera In Miami For $2.5M
SOLDDevelopment Site

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

Luis Reyes

Keller Williams Realty

Broker

$9.4M

vol

3 deals

Broker
Alejandro Alvarez

Alejandro Alvarez

Buyer

$6.4M

vol

3 deals

Buyer

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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93