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David Weitz Acquires Vacant Commercial Property In Miami For $18.8M

Property Image
SOLD
$18,796,296

Florida

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Commercial
Sold 10/20/2022
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Property Image
SOLD

David Weitz Acquires Vacant Commercial Property In Miami For $18.8M

2939 Northeast 4th Avenue, Miami, Florida 33137, United States

See Similar Deals
Commercial
Sold 10/20/2022
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Commercial
Transaction Type:Sale

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

DW
David Weitz
7 deals$873.8M volume
BUYER

Details

SOLD
IMAGE: 10/20/2022 ADDRESS: 2939 NE 4th Ave MARKET: Miami,FL ASSET TYPE: Vacant Commercial BUYER: David Weitz SELLER: Jamie B. Mandel PRICE: $18,796,296

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$66,779.27
Cash-on-Cash Return-1.27%
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