Updated Oct 29, 2024
Jose Miguel Urena Rosa & Esther Magalys Eusebio De Urena Acquire Property From Elefem Inc For $3.1M
2140 NW 36th St, Miami, FL, 33142
$3,100,000
$64/SF
Building Size
48,266 SF
Asset Type
MultiFamily
Closing
Nov 4, 2017
About this deal
AI
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.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93