Michael Kauffman & Sharon Shacham Acquire Vacant Lot In North Miami Beach For $3.15M
311 189th Street, Sunny Isles Beach, Florida 33160, United States
$3,150,000
$711/SF
Building Size
4,429 SF
Asset Type
—
Closing
Jan 12, 2022
AI
A vacant lot located at 311 189th St in North Miami Beach, FL has been sold in a recent transaction. The property measures 4,429 square feet and the price per square foot was $711. The sale took place on January 13, 2022.
Summary of transaction details
- Property Type: Vacant Lot
- Transaction Amount: $3,150,000
- Buyer: Michael Kauffman & Sharon Shacham
- Seller: Rene Gonzalez & Raymond Gonzalez
Michael Kauffman & Sharon Shacham were the buyers in this transaction, purchasing the vacant lot from Rene Gonzalez & Raymond Gonzalez. The sale price for the property was $3,150,000.
Players
Sunny Isles Beach 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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93