Pompea Mountain Trust Acquires Miami Beach Land For $9.5M
1330 South Venetian Way
$9,500,000
Building Size
—
Asset Type
Land
Closing
Mar 17, 2023
About this deal
AI
The property asset involved in this transaction is a piece of land located at 1330 South Venetian Way in Miami Beach. The land covers an area of 0.28 acres.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $9,500,000
- Date: 03/17/2023
- Market: Miami Beach
The buyer of the property is the Pompea Mountain Trust, represented by James A. Liburdi. The seller is Sandra Silverman and Moses David Silverman, who were assisted by NFM Lending. The buyer's representative in the deal is Ally Russell from Keller Williams, while the seller was represented by Dina Goldentayer from Douglas Elliman and Evan Weiss from 305 Degrees Realty.
On the Map
$9,500,000
Land
View full map
Players
Miami Beach Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Deal FAQ
Browse Miami Beach land sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93