Tibor Hollo Sells Development Site In Coral Gables For $35.5M
SOLD
$35,552,000
Florida
See Similar DealsDevelopment Site
Sold 12/02/2022
SOLD
Tibor Hollo Sells Development Site In Coral Gables For $35.5M
122 Menores Avenue
See Similar DealsDevelopment Site
Sold 12/02/2022
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,896,106.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$126,308.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$168,534.62
Annual Debt Service$2,022,415.41
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