Jose Miguel Urena Rosa & Esther Magalys Eusebio De Urena Acquire Property From Elefem Inc For $3.1M
SOLD
$3,100,000
Florida
See Similar DealsMultiFamily48,266 SF
Sold 11/04/2017
SOLD
Jose Miguel Urena Rosa & Esther Magalys Eusebio De Urena Acquire Property From Elefem Inc For $3.1M
2140 NW 36th St, Miami, FL, 33142
See Similar DealsMultiFamily48,266 SF
Sold 11/04/2017
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$64
Total Square Footage:48,266 SF
Transaction Type:Sale
The assemblage of four parcels located at 2140 NW 36th St, Miami, FL, 33142, has recently sold for $3,100,000. The properties encompass a total area of 48,266 square feet. The buildings on these sites date back to 1935 and 1947, and currently house a variety of retail shops and restaurants, including a barber shop and an auto sales center.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $3,100,000.00
- Address: 2140 NW 36th St, Miami, FL, 33142
- Market: Miami
- Buyer: Jose Miguel Urena Rosa & Esther Magalys Eusebio de Urena
- Buyer's Representative: Grace Lohn (Grace Group International)
- Seller: Elefem Inc
- Square Footage: 48,266
- Price per Square Foot: $64
The buyers, Jose Miguel Urena Rosa and Esther Magalys Eusebio de Urena, plan to redevelop the properties, which are zoned for potential residential development up to eight stories or as residential duplex. Grace Lohn, representing the buyers, is associated with Grace Group International.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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