Kareem Sullivan Purchases Land In Miami From Sebastian Cruz For $450,000
1018 Nw 26 St
$450,000
Lot Size
7,150 SF
Asset Type
Land
Closing
Sep 10, 2025
About this deal
AI
The transaction involves a land asset located at 1018 Nw 26 St in Miami. The sale was finalized on September 10, 2025, for a total price of $450,000.00.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $450,000.00
- Buyer: Kareem Sullivan
- Seller: Sebastian Cruz
- Brokers: Arthur Porosoff, Javier Ubeda
Arthur Porosoff and Javier Ubeda represented the deal, facilitating the transaction between the buyer, Kareem Sullivan, and the seller, Sebastian Cruz. Their involvement underscores the collaborative nature of the property transaction in the Miami market.
On the Map
$450,000
Land
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Players
Miami Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
35.25%
Cash-on-Cash
-10.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93