Douglas Elliman Acquires Land In Miami Beach For $12M With Buyer's Rep Dan Hechtkopf & Marci DeClaris, Seller's Rep Susy Dunand
1320 South Venetian Way, Miami Beach, Florida 33139, United States
$12,000,000
Building Size
—
Asset Type
Other
Closing
Apr 18, 2022
About this deal
AI
The recently closed property transaction on 1320 S Venetian Way in Miami Beach involved the sale of a land asset. The transaction took place on 04/19/2022 and was facilitated by Susy Dunand from Coldwell Banker Realty, representing the seller. The buyer was represented by Dan Hechtkopf and Marci DeClaris from Douglas Elliman.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $12,000,000
- Address: 1320 S Venetian Way, Miami Beach
- Market: Miami Beach
The property, spanning an area of 12,250 square feet, was sold at a price per square foot of $980. The deal was successfully closed with no additional information available.
On the Map
$12,000,000
Other
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Miami Beach Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93