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
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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