Updated Dec 19, 2023
Ivan Rabinovich Acquires Development Site In Miami For $980.6K
1096 Northwest 54th Street, Miami, FL, USA
$980,555
$25,804/SF
Building Size
38 SF
Asset Type
Development Site
Closing
Jul 2, 2020
About this deal
AI
A development site located at 1090-1096 NW 54 Street in Miami has been sold in a closed transaction. The property was sold on 07/02/2021.
Summary of transaction details:
- Property Type: Development Site
- Address: 1090-1096 NW 54 Street, Miami
- Buyer: Ivan Rabinovich
- Seller: Babba Joshua Yesharim
- Broker: Virgilio Fernandez
- Asking Price: $1,200,000
- Sale Price: $980,555
- Building Square Footage (BSF): 38,822
- Price per Building Square Foot (PPBSF): $25
The buyer of the property is Ivan Rabinovich, while the seller is Babba Joshua Yesharim. The transaction was facilitated by Virgilio Fernandez, who represented the parties involved in the deal.
Players
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
16.18%
Cash-on-Cash
-4.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93