Jesus Freiria Of Luxor Hialeah 47 Street LLC Acquires Land In Hialeah For $950,000
410 East 47th Street
$950,000
$56/SF
Building Size
16,747 SF
Asset Type
Land
Closing
Jan 29, 2025
About this deal
AI
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.
On the Map
$950,000
$56/SF
Land
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Players
Hialeah Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93