Updated Oct 29, 2024
Ronny Finvarb Acquires Miami Beach Development Site For $4M
1790 Alton Road, Miami Beach, FL 33139, USA
$4,000,000
$392/SF
Building Size
10,200 SF
Asset Type
Development Site
Closing
Apr 11, 2021
About this deal
AI
A development site located at 1790 Alton Road in Miami Beach has been sold in a recent transaction. The property, owned by 1790 Alton Holdings LLC, was purchased by Ronny Finvarb for a total price of $4,000,000. The development site spans a total square footage of 10,200, resulting in a price per square foot of $392.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,000,000
- Address: 1790 Alton Road, Miami Beach
- Market: Miami Beach
- Buyer: Ronny Finvarb
- Seller: 1790 Alton Holdings LLC
- BSF: 10,200
- PPBSF: $392
Ronny Finvarb, representing himself, acted as the buyer in this transaction. The seller, 1790 Alton Holdings LLC, was represented by their own representative.
Players
Miami Beach 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93