Enrique Manhard Acquires 1.2 Acres Of Land In Miami For $8M From 5220 Biscayne Boulevard LLC - Fatos Rosenberg
SOLD
$8,000,000
Florida
See Similar DealsSold 03/10/2022
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
See Similar DealsSold 03/10/2022
Summary
FLORIDA
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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