Arthur Porosoff Sells Land At 518-530 W Flagler St Miami For $2,500,000 To Arthur Porosoff
518-530 W Flagler St
$2,500,000
Lot Size
14,000 SF
Asset Type
Land
Closing
Feb 28, 2025
About this deal
AI
The property involved in this transaction is a land asset located at 518-530 W Flagler St in the Miami market. It was sold for $2,500,000.00.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,500,000.00
- Buyer: Arthur Porosoff
- Seller: Masoud Shojaee
- Date of Sale: 02/28/2025
- Broker: Arthur Porosoff
Arthur Porosoff acted as both the buyer and the broker in this transaction, representing himself in the sale of the land asset from seller Masoud Shojaee.
The land sale at 518-530 W Flagler St in Miami, Florida sold for $2.5M in 2025. 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. 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 2025. Published consideration for 518-530 W Flagler St is $2.5M, dated 2025. Cite this Arthur Porosoff Sells Land At 518-530 W Flagler St Miami For $2,500,000 To Arthur Porosoff sale when underwriting similar land product around Miami, Florida.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93