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.
On the Map
$4,000,000
$392/SF
Development Site
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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