SOLDLand
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
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.
Players
Miami 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
7.64%
Cash-on-Cash
-2.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93