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
About this deal
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.
On the Map
$8,000,000
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Players
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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