Marc Shulman Purchases Land In Miami From Alcibiades Castrillon For $2,075,000
437 Ne 29th St
$2,075,000
Lot Size
5,000 SF
Asset Type
Land
Closing
May 27, 2015
About this deal
AI
The asset involved in this transaction is a land parcel located at 437 Ne 29th St in Miami. The sale occurred on May 27, 2015, at a price of $2,075,000.00.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,075,000.00
- Address: 437 Ne 29th St
- Market: Miami
- Buyer: Marc Shulman
- Seller: Alcibiades Castrillon
- Brokers: Arthur Porosoff
Marc Shulman is the buyer in this transaction, while Alcibiades Castrillon is the seller. The deal was facilitated by broker Arthur Porosoff.
The land sale at 437 Ne 29th St in Miami, Florida sold for $2.1M in 2015. 437 Ne 29th St is classified as Land on Traded. Named participants on the 437 Ne 29th St sale are Marc Shulman, Arthur Porosoff, Alcibiades Castrillon. This page is the Miami, Florida file for the 437 Ne 29th St land sold: pricing, party profiles, and other closed land comps from the same Miami sit in the Market section below. Filter that Miami land set by closing date to see what else sold near 437 Ne 29th St around 2015. Published consideration for 437 Ne 29th St is $2.1M, dated 2015. Cite this Marc Shulman Purchases Land In Miami From Alcibiades Castrillon For $2,075,000 sale when underwriting similar land product around Miami, Florida.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.64%
Cash-on-Cash
-2.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93