Angelo, Gordon & Co Acquires Homestead Development Site For $9.47M
Southwest 288th Street, Homestead, FL, USA
$9,470,000
Building Size
—
Asset Type
Development Site
Closing
Nov 12, 2021
AI
An approximately 64-acre development site located at SW 288th Street, SW 169th Avenue, and 29145 SW 167th Avenue in Homestead has been sold for a price of $9,470,000. The transaction took place on November 12, 2021. The property has great potential for development due to its size and location.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $9,470,000
- Market: Homestead
- Address: SW 288th Street, SW 169th Avenue, and 29145 SW 167th Avenue
- Acres: 64
The buyer of this development site is Angelo, Gordon & Co. They recognized the value and potential of this property and decided to make the purchase. Angelo, Gordon & Co is a reputable company in the real estate industry.
Players
Homestead 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
1.68%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93