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
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
6.87%
Cash-on-Cash
-1.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93