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
About this deal
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.
On the Map
$3,650,000
Land
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Players
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