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34�sw�1st St

Jose Luis Ferreira De Melo Purchases Land At 34 Sw 1st St Miami From David Stone For $12.93M
SOLDLand

Jose Luis Ferreira De Melo Purchases Land At 34 Sw 1st St Miami From David Stone For $12.93M

34�sw�1st St

$12,928,000

Lot Size

24,382 SF

Asset Type

Land

Closing

Aug 13, 2018

AI

The asset involved in this transaction is a land property located at 34 Sw 1st St in Miami. The property was sold for a transaction amount of $12,928,000.00.

Summary of transaction details:

This transaction involved notable individuals representing both sides. Jose Luis Ferreira de Melo acquired the property, while David Stone was the seller. The deal was facilitated by brokers Arthur Porosoff and Ryan Shaw from Marcus & Millichap, who represented the buyer and seller respectively in this transaction.

Players

Ryan Shaw

Marcus & Millichap

Broker

$145.7M

vol

22 deals

Broker
Jose Luis Ferreira de Melo

Jose Luis Ferreira de Melo

Buyer

$763.5M

vol

8 deals

Buyer
David Stone

David Stone

Seller

1 deal

Seller

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

1.23%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93