SOLD
Vinay Rama Acquires Land In Miami For $2.2M With Ryan Shaw & Ahmed Kabani As Brokers
1794 Northeast 4th Avenue, Miami, Florida 33132, United States
$2,200,000
$381/SF
Building Size
5,775 SF
Asset Type
—
Closing
Jul 11, 2022
AI
A land property located at 1794 Northeast 4th Avenue in Miami has been sold in a recent transaction. The land spans approximately 0.13 acres and belongs to Vinay Rama.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,200,000
- Market: Miami
- Address: 1794 Northeast 4th Avenue
- Buyer: Vinay Rama - Mandala Holdings
- Brokers: Ryan Shaw & Ahmed Kabani - Marcus & Millichap
- BSF (Building Square Footage): 5,775
- PPBSF (Price Per Building Square Footage): $381
The buyer, Vinay Rama, represented Mandala Holdings in the transaction. The deal was facilitated by Ryan Shaw and Ahmed Kabani from Marcus & Millichap.
Players
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93