Julien Ridon And Christophe Petit Acquire Land In Miami From Octovio Maza For $13,100,000
423 Ne 27th St
$13,100,000
Lot Size
26,379 SF
Asset Type
Land
Closing
Apr 25, 2022
About this deal
AI
The transaction involved land located at 423 Ne 27th St, Miami. The property was sold for $13,100,000.00.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $13,100,000.00
- Address: 423 Ne 27th St
- Market: Miami
- Buyer: Julien Ridon and Christophe Petit
- Seller: Octovio Maza
- Brokers: Arthur Porosoff, Fredrick Klein (Riviera Horizons), Jim Agard
This deal featured key individuals including the buyers, Julien Ridon and Christophe Petit, alongside the seller, Octovio Maza. The brokers facilitating the transaction were Arthur Porosoff, Fredrick Klein from Riviera Horizons, and Jim Agard, who played a crucial role in the completion of this real estate deal.
On the Map
$13,100,000
Land
View full map
Players
Miami Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Deal FAQ
Browse Miami land sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.21%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93