SOLD
Enrique Manhard Acquires 1.2 Acres Of Land In Miami For $8M From 5220 Biscayne Boulevard LLC - Fatos Rosenberg
5220 Biscayne Boulevard, Miami, Florida 33137, United States
$8,000,000
Building Size
—
Asset Type
—
Closing
Mar 9, 2022
AI
The property involved in this transaction is a land located at 5220 Biscayne Blvd in Miami. The land spans approximately 1.2 acres and was sold on March 10, 2022.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $8,000,000
- Date: 03/10/2022
- Market: Miami
- Address: 5220 Biscayne Blvd
- Buyer: Enrique Manhard
- Seller: 5220 Biscayne Boulevard LLC - Fatos Rosenberg
- Broker: Estrella Perez - EP Realty Group
Enrique Manhard purchased the land from 5220 Biscayne Boulevard LLC, represented by Fatos Rosenberg. The transaction was facilitated by Estrella Perez from EP Realty Group.
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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93