Michael Mongiello Purchases Land In Miami From Zoltan Meszaros For $745,000
853 Sw 13th Ave
$745,000
Lot Size
7,800 SF
Asset Type
Land
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in this transaction is a land parcel located at 853 Sw 13th Ave in the Miami market, sold for a total price of $745,000.00.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $745,000.00
- Buyer: Michael Mongiello
- Seller: Zoltan Meszaros
- Broker Representatives: Arthur Porosoff, Javier Ubeda
This transaction was facilitated by brokers Arthur Porosoff and Javier Ubeda, representing the buyer, Michael Mongiello, and the seller, Zoltan Meszaros. Their involvement was crucial in bringing both parties together for this land sale.
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
21.29%
Cash-on-Cash
-6.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93