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Royal Palm Cos. Acquires 9.6 Acres Of Land In Aventura For $39.05M

Property Image
SOLD
$39,050,000
SM
DK

Florida

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Sold 02/16/2022
the dealplayerscompscontact
Property Image
SOLD

Royal Palm Cos. Acquires 9.6 Acres Of Land In Aventura For $39.05M

Northeast 214th Street, Aventura, Florida 33180, United States

See Similar Deals
Sold 02/16/2022
SM
DK
the dealplayerscompscontact
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Summary

FLORIDA
Transaction Type:Sale

The property involved in this transaction is a 9.6-acre land located at NE 214th Street & NE 214th Terrace in Aventura. The sale of this land took place on February 16, 2022.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $39,050,000
  • Address: NE 214th Street & NE 214th Terrace, Aventura

The buyer of the land is Royal Palm Cos., represented by Daniel Kodsi & Sergio Moises, while the seller is Jasmin Investments LLC & Infinite Race LLC, represented by Reuven & Jacqueline Tako. City National Bank of Florida acted as the lender in this transaction.

Players

DK
Dan Kodsi
12 deals$1B volume
BROKER
DK
Dan Kodsi
12 deals$1B volume
BROKER
DK
Dan Kodsi
12 deals$1B volume
BROKER
DK
Dan Kodsi
12 deals$1B volume
BROKER
SM
Sergio Moises
2 deals$43.5M volume
BUYER
DK
Dan Kodsi
12 deals$1B volume
BUYER
DK
Dan Kodsi
12 deals$1B volume
BUYER
DK
Dan Kodsi
12 deals$1B volume
BUYER
City National Bank of Florida
City National Bank of Florida
LENDER

Details

SOLD
IMAGE: Sergio Moises & Daniel Kodsi DATE: 02/16/2022 ADDRESS: NE 214th Street & NE 214th Terrace MARKET: Aventura ASSET TYPE: Land ~ ACRES: 9.6 BUYER: Royal Palm Cos. - Daniel Kodsi & Sergio Moises SELLER: Jasmin Investments LLC & Infinite Race LLC - Reuven & Jacqueline Tako LENDER: City National Bank Of Florida SALE PRICE: $39,050,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,082,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$138,736.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$185,116.92
Annual Debt Service$2,221,403.07