Vinay Rama Acquires Land In Miami For $2.2M With Ryan Shaw & Ahmed Kabani As Brokers
SOLD
$2,200,000
Florida
See Similar Deals5,775 SF
Sold 07/12/2022
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
See Similar Deals5,775 SF
Sold 07/12/2022
Summary
FLORIDA
Price Per Square Foot:$381
Total Square Footage:5,775 SF
Transaction Type:Sale
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.
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
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Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
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