Oguz Otay Acquires Development Site In Miami For $1.9M
SOLD
$1,900,000
Florida
See Similar DealsDevelopment Site
Sold 01/12/2023
SOLD
Oguz Otay Acquires Development Site In Miami For $1.9M
723 Northeast 77th Street
See Similar DealsDevelopment Site
Sold 01/12/2023
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Sale
Oguz Otay has purchased a development site located at 723 Northeast 77th Street in Miami for $1,900,000. The property is situated in a prime location and offers great potential for future development.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,900,000
- Address: 723 Northeast 77th Street, Miami
Oguz Otay was represented by Erman Adanir from Disruptive Real Estate in this transaction. The seller, Michael & Kelly Beltran, successfully closed the deal with the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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