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1177 96th Street

TCG SP 23 LLC Purchases Land From David Martin In Bay Harbor Islands For $3.65M
SOLDLand

TCG SP 23 LLC Purchases Land From David Martin In Bay Harbor Islands For $3.65M

1177 96th Street

$3,650,000

Building Size

Asset Type

Land

Closing

May 27, 2026

AI

TCG SP 23 LLC acquired land located at 1177 96th Street in Bay Harbor Islands for a total price of $3,650,000. The transaction was completed on May 27, 2026, and involved a parcel of land that forms part of the real estate landscape in the area.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $3,650,000
  • Address: 1177 96th Street
  • Market: Bay Harbor Islands
  • Buyer: TCG SP 23 LLC
  • Seller: David Martin - Terra

In this transaction, the seller, David Martin, is associated with Terra Group Miami, representing the interests of the property in the sale to TCG SP 23 LLC. The deal reflects the active movement in the real estate market within Bay Harbor Islands and highlights the various players involved in the property transactions.

Players

David Martin

Terra

Seller

$2.2B

vol

30 deals

Seller

Surfside Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.35%

Cash-on-Cash

-1.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93