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
About this deal
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:
- Property Type: Land
- Transaction Amount: $12,928,000.00
- Buyer: Jose Luis Ferreira de Melo
- Seller: David Stone
- Brokers: Arthur Porosoff, Ryan Shaw (Marcus & Millichap)
- Sale Date: 08/13/2018
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.
On the Map
$12,928,000
Land
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Players
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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