facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Land

/

Sale

/

3717 Nw 22nd Ave

Land Sold For $2,310,000 In Miami With Brokers Arthur Porosoff And Joseph Phelps
SOLDLand

Land Sold For $2,310,000 In Miami With Brokers Arthur Porosoff And Joseph Phelps

3717 Nw 22nd Ave

$2,310,000

Lot Size

45,544 SF

Asset Type

Land

Closing

Oct 25, 2022

AI

The property asset involved in this transaction is a parcel of land located at 3717 Nw 22nd Ave in Miami. The transaction was completed at a price of $2,310,000.00.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $2,310,000.00
  • Address: 3717 Nw 22nd Ave
  • Market: Miami
  • Broker Representatives: Arthur Porosoff, Joseph Phelps (Horvath & Tremblay)

This transaction involved the expertise of brokers Arthur Porosoff and Joseph Phelps from Horvath & Tremblay, representing the parties in this land sale deal, facilitating the process effectively.

Players

Joseph Phelps

Horvath & Tremblay

Broker

$3.3M

vol

1 deal

Broker

James Carter

Buyer
Buyer

David Sanchez-Tembleque

Seller
Seller

Miami Land Market Snapshot

Boundary boundary · Land · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.87%

Cash-on-Cash

-1.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93