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Jesus Freiria Of Luxor Hialeah 47 Street LLC Acquires Land In Hialeah For $950,000
SOLD
$950,000
Florida
See Similar DealsLand16,747 SF
Sold 01/29/2025
SOLD
Jesus Freiria Of Luxor Hialeah 47 Street LLC Acquires Land In Hialeah For $950,000
410 East 47th Street
See Similar DealsLand16,747 SF
Sold 01/29/2025
Summary
FLORIDA
Asset Type:Land
Price Per Square Foot:$56
Total Square Footage:16,747 SF
Transaction Type:Sale
The transaction involved the sale of commercial land located at 410 East 47th Street & 4655 East 4th Avenue in Hialeah. The sale price was $950,000 for a total of 16,747 square feet, equating to approximately $57 per square foot.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $950,000
- Buyer: Jesus Freiria - Luxor Hialeah 47 Street, LLC
- Seller: Nitza Diaz Garcia - Garcia Garcia Associates Bldg LLC
- Brokers: Moises Figueroa & Tony Saladrigas - Fausto Commercial Realty Consultants
- Financing: $475,000 from Centennial Bank
Jesus Freiria, operating under Luxor Developers, acquired the land from an entity associated with Nitza Diaz Garcia. This transaction signifies a strategic investment in the commercial property market in Hialeah, associated with the longstanding involvement of both the buyer and seller in real estate services.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$50,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,375.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,503.48
Annual Debt Service$54,041.82
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