SOLDMultiFamily
Nexxos Realty Broker Anamaria Velasquez Sells Development Site In Pinecrest For $5.95M
11630 Southwest 62nd Avenue
$5,950,000
$164/SF
Building Size
36,154 SF
Asset Type
MultiFamily
Closing
May 5, 2023
AI
A development site located at 11630 Southwest 62nd Avenue in Pinecrest has been sold for $5,950,000. The property spans 36,154 square feet with a price per square foot of $165.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $5,950,000
- Square Feet: 36,154
- Price Per Square Foot: $165
- Address: 11630 Southwest 62nd Avenue, Pinecrest
The sale was facilitated by Anamaria Velasquez of Nexxos Realty.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.67%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93