Ajaypal Saran Acquires Land From Masoud Shojaee In Miami For $2,300,000.00
518-530 W Flagler St
$2,300,000
Lot Size
14,000 SF
Asset Type
Land
Closing
Jan 22, 2020
About this deal
AI
The transaction involved a land asset located at 518-530 W Flagler St in the Miami market. The sale was finalized on January 22, 2020, at a price of $2,300,000.00.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,300,000.00
- Buyer: Ajaypal Saran
- Seller: Masoud Shojaee
- Broker: Arthur Porosoff
The parties in this transaction included Ajaypal Saran as the buyer and Masoud Shojaee as the seller, with Arthur Porosoff representing them in the deal.
The land sale at 518-530 W Flagler St in Miami, Florida sold for $2.3M in 2020. 518-530 W Flagler St is classified as Land on Traded. Named participants on the 518-530 W Flagler St sale are Masoud Shojaee, Arthur Porosoff, Ajaypal Saran. This page is the Miami, Florida file for the 518-530 W Flagler St land sold: pricing, party profiles, and other closed land comps from the same Miami sit in the Market section below. Filter that Miami land set by closing date to see what else sold near 518-530 W Flagler St around 2020. Published consideration for 518-530 W Flagler St is $2.3M, dated 2020. Cite this Ajaypal Saran Acquires Land From Masoud Shojaee In Miami For $2,300,000.00 sale when underwriting similar land product around Miami, Florida.
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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93