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Pompea Mountain Trust Acquires Miami Beach Land For $9.5M

Property Image
SOLD
$9,500,000
Ally Russell
Evan Weiss
Dina Goldentayer

Florida

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Land
Sold 03/17/2023
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Property Image
SOLD

Pompea Mountain Trust Acquires Miami Beach Land For $9.5M

1330 South Venetian Way

See Similar Deals
Land
Sold 03/17/2023
Ally Russell
Evan Weiss
Dina Goldentayer
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Land
Transaction Type:Sale

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.

Players

Dina Goldentayer
Douglas Elliman
Dina Goldentayer
91 deals$1.6B volume(786) 277-7539
BROKER
Evan Weiss
Evan Weiss
6 deals$21.3M volume(914) 424-5859
BROKER
Ally Russell
Keller Williams Realty
Ally Russell
9 deals$53.6M volume
BROKER

Details

SOLD
IMAGE: Evan Weiss, Moses David Silverman, Ally Russell & Dina Goldentayer DATE: 03/17/2023 ADDRESS: 1330 South Venetian Way MARKET: Miami Beach ASSET TYPE: Land ~ ACRES: 0.28 BUYER: Pompea Mountain Trust - James A. Liburdi SELLER: Sandra Silverman; Moses David Silverman - NFM Lending (@NFM_Lending) BUYER'S REP: Ally Russell (@AllyRusselll) - Keller Williams (@KellerWilliamsRealty) SELLER'S REP: Dina Goldentayer (@Goldendina) - Douglas Elliman (@DouglasElliman) (@DouglasEllimanFlorida); Evan Weiss (@EvanjWeiss) - 305 Degrees Realty SALE PRICE: $9,500,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$506,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$33,751.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,034.85
Annual Debt Service$540,418.16