Pena Erin Cohen Acquires Other Vacant Property In Miami, FL For $3.24M
7241 Southwest 54th Avenue, Miami, Florida 33143, United States
$3,240,000
Building Size
—
Asset Type
Other
Closing
Jan 19, 2022
About this deal
AI
Pena Erin Cohen purchased an other vacant property in Miami, FL. The property is located at 7241 SW 54th Ave. The transaction took place on January 20, 2022. The purchase price for the property was $3,240,000. The seller of the property was Howard Wolofsky & Pamela Wolofsky.
Summary of transaction details:
- Property Type: Other Vacant
- Transaction Amount: $3,240,000
- Address: 7241 SW 54th Ave, Miami, FL
- Buyer: Pena Erin Cohen
- Seller: Howard Wolofsky & Pamela Wolofsky
Pena Erin Cohen acted as the buyer in the transaction, while Howard Wolofsky & Pamela Wolofsky served as the sellers. The property is an other vacant asset situated in Miami, FL. This transaction represents a successful deal for all parties involved.
Players
Miami Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.90%
Cash-on-Cash
-1.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93