David Herskowitz Acquires Land At 940-950 Sw 8th St In Miami For $5,300,000
940-950 Sw 8th St
$5,300,000
Lot Size
20,500 SF
Asset Type
Land
Closing
Jul 15, 2022
About this deal
AI
The property involved in this transaction is a land asset located at 940-950 Sw 8th St in the Miami market. The transaction was finalized at a price of $5,300,000.00.
Summary of transation details:
- Property Type: Land
- Transaction Amount: $5,300,000.00
- Buyer: David Herskowitz
- Seller: Bill Fuller, Martin Pinilla, and Oscar & Janeth Alvarez
- Brokers: Arthur Porosoff, Javier Ubeda
The deal was facilitated by brokers Arthur Porosoff and Javier Ubeda, representing the involved parties. The transaction involved multiple sellers, ensuring a complex negotiation process to finalize the sale of the land asset.
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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93