Wynwood South Trust Acquires Land In Miami For $7.9M
SOLD
$7,875,000
Florida
See Similar Deals6,562 SF
Sold 08/19/2021
SOLD
Wynwood South Trust Acquires Land In Miami For $7.9M
2019 NW 1st Ct, Miami, FL, USA
See Similar Deals6,562 SF
Sold 08/19/2021
Summary
FLORIDA
Price Per Square Foot:$1,200
Total Square Footage:6,562 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$420,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,978.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,331.52
Annual Debt Service$447,978.21
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