Updated Dec 20, 2023
David Weitz Acquires Vacant Commercial Property In Miami For $18.8M
2939 Northeast 4th Avenue, Miami, Florida 33137, United States
$18,796,296
Building Size
—
Asset Type
Commercial
Closing
Oct 19, 2022
About this deal
AI
The vacant commercial property located at 2939 NE 4th Ave in Miami, FL has been sold in a transaction on October 20, 2022. The property was purchased by David Weitz from the seller Jamie B. Mandel for a price of $18,796,296.
Summary of transaction details
- Property Type: Vacant Commercial
- Transaction Amount: $18,796,296
- Address: 2939 NE 4th Ave, Miami, FL
- Market: Miami, FL
David Weitz, representing himself, acted as the buyer in this transaction. Jamie B. Mandel was the seller of the property.
Players
Miami Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.84%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93