ROVR Development & AMAC Holdings Purchase Land In North Miami Beach For $10.3M From West Dixie Holdings LLC
2555 Ne 179th Street
$10,300,000
Lot Size
133,126 SF
Asset Type
Land
Closing
May 6, 2021
About this deal
AI
The property asset involved in this transaction is a land parcel located at 2555 Ne 179th Street, situated in the North Miami Beach market. The transaction occurred at a price of $10,300,000.00.
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
Key individuals and companies involved in this transaction include Alejandro Snyder, representing Current Real Estate Advisors as the broker in the deal. The buyer consortium consists of ROVR Development and AMAC Holdings, while the seller is West Dixie Holdings LLC.
On the Map
$10,300,000
Land
View full map
Players
North Miami Beach Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Deal FAQ
Browse North Miami Beach land sales on Traded.
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