Tibor Hollo Sells Development Site In Coral Gables For $35.5M
122 Menores Avenue
$35,552,000
Building Size
—
Asset Type
Development Site
Closing
Dec 2, 2022
AI
Tibor Hollo has sold a development site located at 122 Menores Avenue in Coral Gables. The property, which covers an undisclosed square footage, was sold for a total transaction amount of $35,552,000. The sale was facilitated by Oscar De la Rosa from the brokerage agency.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $35,552,000
- Seller: Tibor Hollo
- Broker: Oscar De la Rosa
Oscar De la Rosa, representing Tibor Hollo, played a key role in the successful sale of the development site on 122 Menores Avenue in Coral Gables.
Players
Miami 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93