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130 SE 1st St, Miami, FL, USA

Updated Dec 21, 2023

Meir Shai Ben-Ami Acquires Land In Miami For $9M
SOLD

Meir Shai Ben-Ami Acquires Land In Miami For $9M

130 SE 1st St, Miami, FL, USA

$9,000,000

$378/SF

Building Size

23,800 SF

Asset Type

Closing

Aug 29, 2021

About this deal

AI

The property involved in this transaction is a land located at 130 SE 1st St in Miami. The sale took place on August 30, 2021. The buyer of the land is Meir Shai Ben-Ami, while the seller is Bart Seidler. The transaction was closed at a sale price of $9,000,000.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $9,000,000
  • Address: 130 SE 1st St, Miami
  • Buyer: Meir Shai Ben-Ami
  • Seller: Bart Seidler
  • Date: August 30, 2021

This transaction provides an opportunity for Meir Shai Ben-Ami to acquire a valuable piece of land in Miami. On the other hand, Bart Seidler is relinquishing the ownership of the property. Both parties, accompanied by their respective representatives, successfully closed the deal, resulting in the sale of the land for $9,000,000.

Players

Miami CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $378 per square foot on a published $9M for 23,800 square feet (2021).

Browse Florida sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.76%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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