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423 Ne 27th St

Julien Ridon And Christophe Petit Acquire Land In Miami From Octovio Maza For $13,100,000
SOLDLand

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

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:

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.

Players

Jim Agard

Broker

$118.1M

vol

9 deals

Broker
Christophe Petit

Christophe Petit

Buyer

$52.5M

vol

4 deals

Buyer

Octovio Maza

Seller
Seller

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

1.21%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93