ROVR Development & AMAC Holdings Acquire Land In North Miami Beach For $10,300,000 From West Dixie Holdings LLC
2555 Ne 179th St
$10,300,000
Lot Size
133,126 SF
Asset Type
Land
Closing
May 6, 2021
About this deal
AI
The transaction involves a land asset located at 2555 Ne 179th St in North Miami Beach, with a transaction price of $10,300,000.00. The market focus is on land development.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $10,300,000.00
- Buyer: ROVR Development & AMAC Holdings
- Seller: West Dixie Holdings LLC
- Brokers: Alejandro Snyder - Current Real Estate Advisors
This deal was facilitated by Alejandro Snyder who represents Current Real Estate Advisors, indicating a professional brokerage involvement in the transaction process for both the buyer and seller entities.
On the Map
$10,300,000
Land
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Players
North Miami Beach 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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93