Mario Murgado & Monica Murgado Acquire Development Site In Miami For $1.85M
7260 Sw 39 Terrace, Suite A
$1,850,000
Building Size
—
Asset Type
Development Site
Closing
Mar 29, 2023
AI
Mario Murgado and Monica Murgado have purchased a development site in Miami. Located at 6680 SW 67 Avenue, the property was sold by Phillip Gotthold for a price of $1,850,000. The deal was facilitated by Jonathan Alfonso and Margarita Ferro, brokers from Portal Real Estate.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $1,850,000
- Buyer: Mario Murgado & Monica Murgado
- Seller: Phillip Gotthold
- Brokers: Jonathan Alfonso, Margarita Ferro - Portal Real Estate
Jonathan Alfonso and Margarita Ferro, representing Portal Real Estate, played a key role in this transaction.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93