Senada Adzem Sells 5.02 Acres Of Land In Delray Beach For $6.8M With Buyer's Rep Jade Weiss & Seller's Rep Douglas Elliman
16171 Quiet Vista Circle
$6,800,000
Building Size
—
Asset Type
—
Closing
Apr 17, 2023
About this deal
AI
The property involved in this closed transaction is a land located at 16171 Quiet Vista Cir, in Delray Beach. The land spans over 5.02 acres, offering a substantial space for development.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $6,800,000
- Location: Delray Beach
- Date: 03/20/2023
Jade Weiss from Costa Bella Realty Group Inc represented the buyer in this transaction, while the seller was represented by Senada Adzem from Douglas Elliman. Both parties were instrumental in negotiating and finalizing the deal.
Players
Delray Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93