Wynwood South Trust Acquires Land In Miami For $7.9M
2019 NW 1st Ct, Miami, FL, USA
$7,875,000
$1,200/SF
Building Size
6,562 SF
Asset Type
—
Closing
Aug 18, 2021
AI
The land located at 2019 NW 1st CT in Miami was recently sold for a price of $7,875,000. The transaction took place on 08/19/2021. The buyer in this deal was Wynwood South Trust, while the seller was Jack L. & Allan Herskowitz. The property is classified as land and is situated in the Miami market.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $7,875,000
- Address: 2019 NW 1st CT
- Market: Miami
Wynwood South Trust acted as the buyer in this land sale, while Jack L. & Allan Herskowitz were the sellers. The transaction represents the successful transfer of ownership for this piece of land in Miami.
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
2.01%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93