Douglas Elliman Represents $55M Sale Of Land In Bal Harbour
200 Bal Bay Drive, Bal Harbour, FL 33154, USA
$54,931,375
$686/SF
Building Size
80,040 SF
Asset Type
—
Closing
Jun 22, 2020
AI
A land located at 200 Bal Bay Drive in Bal Harbour was recently sold for a price of $54,931,375. The property spans across 1.84 acres and has a total area of 80,040 square feet. The sale price per square foot amounted to $686, while the price per acre was approximately $29,854,008. The transaction took place on June 22, 2021.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $54,931,375
- Address: 200 Bal Bay Drive, Bal Harbour
- Market: Bal Harbour
- Property Size: 80,040 square feet
- Price per Square Foot: $686
- Land Area: 1.84 acres
- Price per Acre: $29,854,008
The seller of the land was Joseph Imbesi, while the buyer was represented by Dina Goldentayer from Douglas Elliman. On the other hand, Tony Imbesi, also from Douglas Elliman, represented the seller, Joseph Imbesi, in the transaction.
Players
Bal Harbour 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93