Miguel A. Mouriz Of Keystone Holdings Acquires Land In Miami From La Catedral Del Pueblo For $10.2M
190 Northwest 79th Avenue
$10,200,000
$114/SF
Building Size
88,833 SF
Asset Type
Land
Closing
Feb 28, 2025
About this deal
AI
A 2.04-acre land parcel located at 190 Northwest 79th Avenue in Miami has been sold for $10,200,000. The property encompasses an 88,833 square foot commercial site and includes a 27,146 square foot church. It was marketed for redevelopment with potential zoning opportunities available for multifamily or a shopping center.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $10,200,000
- Buyer: Miguel A. Mouriz - Keystone Holdings
- Seller: La Catedral del Pueblo
- Lender: International Finance Bank
The sale was conducted by Miguel A. Mouriz representing Keystone Holdings, who acquired the property from La Catedral del Pueblo. The deal was facilitated with financing provided by International Finance Bank.
On the Map
$10,200,000
$114/SF
Land
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.56%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93