SOLDLand
James Carter Acquires Land In Miami From David Sanchez-Tembleque For $2,310,000
3717 Nw 22nd Ave
$2,310,000
Lot Size
45,544 SF
Asset Type
Land
Closing
Oct 25, 2022
AI
The transaction involved a land asset located at 3717 Nw 22nd Ave in Miami. The property was sold for a price of $2,310,000.00.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,310,000.00
- Sale Date: 10/25/2022
- Buyer: James Carter
- Seller: David Sanchez-Tembleque
- Brokers: Arthur Porosoff, Joseph Phelps (Horvath & Tremblay)
Arthur Porosoff and Joseph Phelps from Horvath & Tremblay represented the seller David Sanchez-Tembleque in this transaction. The deal highlights the involvement of professional brokers facilitating the exchange between the buyer and the seller.
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