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Chariff Realty Group Brokers Sell Vacant Land In Miami For $1.25M
SOLD
Florida
See Similar DealsLand
Sold 02/06/2024
SOLD
Chariff Realty Group Brokers Sell Vacant Land In Miami For $1.25M
5100 Northwest 7th Avenue & 5126 Northwest 7th Avenue
See Similar DealsLand
Sold 02/06/2024
Summary
FLORIDA
Asset Type:Land
Transaction Type:Sale
Vacant land at 5100-5126 Northwest 7th Avenue in Miami was recently sold for $1.25 million. The transaction was facilitated by brokers Daniil Morgalin, Lyle Chariff, Mauricio Zapata, and William Ltaif of Chariff Realty Group.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,250,000
- Address: 5100-5126 Northwest 7th Avenue, Miami
- Market: Miami
The sale of this vacant land in Miami was completed through the efforts of Daniil Morgalin, Lyle Chariff, Mauricio Zapata, and William Ltaif, who are all representatives of Chariff Realty Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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