Updated Dec 21, 2023
Jose Herrera Paez Acquires Vacant Commercial Property From Jerome Hollo In Miami,FL For $5.8M
137 Northeast 79th Street, Miami, Florida 33138, United States
$5,800,000
Building Size
—
Asset Type
Commercial
Closing
Oct 11, 2022
About this deal
AI
Located at 137 NE 79th St in Miami, FL, this vacant commercial property was recently sold in a transaction on October 12, 2022. The property was purchased by Jose Herrera Paez from the seller, Jerome Hollo, for a total price of $5,800,000.
Summary of transaction details:
- Property Type: Vacant Commercial
- Transaction Amount: $5,800,000
- Address: 137 NE 79th St, Miami, FL
- Market: Miami, FL
This transaction highlights the involvement of key individuals in the deal, with Jose Herrera Paez representing the buyer and Jerome Hollo as the seller. Both parties, along with their respective representatives, played crucial roles in the successful completion of this sale.
On the Map
$5,800,000
Commercial
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Players
Miami Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93