Oguz Otay Acquires Single Family Home On Alton Road In Miami For $2.1M
5301 Alton Road
$2,100,000
$992/SF
Building Size
2,115 SF
Asset Type
Single Family
Closing
Jun 7, 2024
AI
The single-family property located at 5301 Alton Road in Miami has been sold for $2,100,000. Spanning 2,115 square feet, the property was acquired by Oguz Otay from sellers Stalin Bharti & Hannele K. Bharti. The transaction was facilitated by Erman Adanir from Disruptive Real Estate.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,100,000
- SF: 2,115
- Price per SF: $993
- Address: 5301 Alton Road
- Market: Miami
Oguz Otay acted as the buyer in this deal, while Erman Adanir from Disruptive Real Estate served as the buyer's representative. The sellers were Stalin Bharti & Hannele K. Bharti, making this a significant transaction in the Miami real estate market.
Miami Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93