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5100 Northwest 7th Avenue

Chariff Realty Group Brokers Sell Vacant Land In Miami For $1.25M
SOLDLand

Chariff Realty Group Brokers Sell Vacant Land In Miami For $1.25M

5100 Northwest 7th Avenue & 5126 Northwest 7th Avenue

$1,250,000

Building Size

Asset Type

Land

Closing

Feb 6, 2024

AI

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.

Players

Mauricio Zapata

Chariff Realty Group

Broker

$61.5M

vol

34 deals

Broker

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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93