Updated Oct 28, 2024
AHS Residential Acquires Development Site In Miami For $12M
NW 6th Ave, Miami, FL, USA
$12,000,000
Building Size
—
Asset Type
Development Site
Closing
Oct 1, 2021
About this deal
AI
The sale of a development site in Miami has been completed at the Northeast corner of NW 6th ave and NW 159th St. The property was sold by Mike Peisach and Leon Peisach to AHS Residential for a total price of $12,000,000.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $12,000,000
- Date: 10/01/2021
- Market: Miami
- Address: Northeast corner of NW 6th ave & NW 159th St
The buyers, AHS Residential, successfully acquired the development site from the sellers, Mike Peisach and Leon Peisach.
On the Map
$12,000,000
Development Site
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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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93