Updated Oct 29, 2024
Berkowitz Development Group Acquires 19-Acre Development Site In Homestead For $6.7M
Southwest 152nd Avenue, Miami, Florida 33193, United States
$6,700,000
Building Size
—
Asset Type
Development Site
Closing
Jun 1, 2023
About this deal
AI
The sale of a development site in Homestead has been completed. The property, located between Southwest 152nd Avenue and Park of Commerce Boulevard, south of Southwest 328th Street, spans approximately 19 acres. The transaction took place on January 6, 2023.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $6,700,000
- Market: Homestead
- Address: Between Southwest 152nd Avenue & Park of Commerce Boulevard, South of Southwest 328th Street
- Buyer: Berkowitz Development Group - Michael Berkowitz
- Seller: Clifford Lincoln
Michael Berkowitz, representing Berkowitz Development Group, acted as the buyer in the transaction. The seller was Clifford Lincoln. No additional information regarding the deal or the individuals involved was provided.
On the Map
$6,700,000
Development Site
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Players
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93