New York Properties II buys 1331 S Miami Blvd in Durham for $1.5 million

An auto dealership at 1331 S Miami Blvd in Durham sold for $1,500,000. That is 29% above its market value of $1,164,466, according to the Durham County Assessor. The deed was recorded September 17, 2026 with the Durham County Register of Deeds.

The Assessor's records show a 3,386-square-foot building on a 1.71-acre lot. The price works out to $443 per square foot.

The recorder's index lists New York Properties II LLC and New York Properties III LLC as the buyer.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in Durham County?

By our estimate, the seller's two largest charges, not counting prorations, were $3,000 for the excise tax on conveyances (revenue stamps) and $300 for the seller's attorney fee. Who pays what follows Durham County custom.

How much did the seller net?

By our estimate, the seller netted about $1,488,641. That is before any broker commissions and any loan payoff.

How much cash did the buyer bring to closing?

A cash buyer would need about $1,496,982 at closing. That covers the full price and closing costs.

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