Robert Morcos Acquires Other Vacant Property On Ortega Ln For $3.2M In Miami, FL
13040 Ortega Lane, North Miami, Florida 33181, United States
$3,200,000
$595/SF
Building Size
5,371 SF
Asset Type
Other
Closing
May 15, 2022
About this deal
AI
The property asset involved in this transaction is located at 13040 Ortega Ln in Miami, FL. It is described as an Other Vacant property. The sale took place on May 16, 2022, with a sale price of $3,200,000. The buyer of the property is Robert Morcos, and the seller is Michael Sher. No additional information is available regarding the property.
Summary of transaction details
- Property Type: Other Vacant
- Transaction Amount: $3,200,000
- Buyer: Robert Morcos
- Seller: Michael Sher
- Address: 13040 Ortega Ln, Miami, FL
- Market: Miami, FL
The key individuals involved in this deal are Robert Morcos, who acted as the buyer, and Michael Sher, who acted as the seller. They completed the transaction at a price of $3,200,000 for the property located at 13040 Ortega Ln in Miami, FL. No additional information is available regarding the individuals or companies involved in this deal.
Players
North Miami Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93