Updated Sep 5, 2024
Oguz Otay Acquires Development Site In Miami For $1.9M
723 Northeast 77th Street
$1,900,000
Building Size
—
Asset Type
Development Site
Closing
Jan 12, 2023
About this deal
AI
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.
The development site sale at 723 Northeast 77th Street in Miami, Florida sold for $1.9M in 2023. 723 Northeast 77th Street is classified as Development Site on Traded. Erman Adanir, Disruptive Real Estate appear on the sale alongside Disruptive Real Estate. This page is the Miami, Florida file for the 723 Northeast 77th Street development site sold: pricing, party profiles, and other closed development site comps from the same Miami sit in the Market section below. Filter that Miami development site set by closing date to see what else sold near 723 Northeast 77th Street around 2023. Published consideration for 723 Northeast 77th Street is $1.9M, dated 2023. Cite this Oguz Otay Acquires Development Site In Miami For $1.9M sale when underwriting similar development site product around Miami, Florida.
On the Map
$1,900,000
Development Site
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Miami Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93