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

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SOLD
$3,650,000

Florida

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Land
Sold 05/27/2026
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Property Image
SOLD

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

1177 96th Street

See Similar Deals
Land
Sold 05/27/2026
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Land
Transaction Type:Sale

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
David Martin
28 deals$2.2B volume
SELLER

Details

SOLD
IMAGE: David Martin DATE: 05/27/2026 ADDRESS: 1177 96th Street MARKET: Bay Harbor Islands ASSET TYPE: Land BUYER: TCG SP 23 LLC SELLER: David Martin (@DavidMartinTerra) - Terra (@TerraGroupMiami) SALE PRICE: $3,650,000 NOTE: TCG SP 23 LLC bought land at 1177 96th Street in Bay Harbor Islands for $3.65 million on May 27, 2026. David Martin of Terra Group Miami was the seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$194,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,967.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,302.86
Annual Debt Service$207,634.35