Updated Dec 4, 2023
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
About this deal
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.
The multifamily sale at 11630 Southwest 62nd Avenue in Florida sold for $6M in 2023. Reported inventory is 36,154 square feet across 181 units, or about 164 per square foot. Named participants on the 11630 Southwest 62nd Avenue sale are Anamaria Velasquez. This page is the Florida file for the 11630 Southwest 62nd Avenue multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Florida sit in the Market section below. Filter that local multifamily set by closing date to see what else sold near 11630 Southwest 62nd Avenue around 2023. Published consideration for 11630 Southwest 62nd Avenue is $6M, dated 2023. Cite this Nexxos Realty Broker Anamaria Velasquez Sells Development Site In Pinecrest For $5.95M sale when underwriting similar multifamily product around Florida.
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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