Shneur Shapira Acquires Development Site In Bay Harbor Islands For $4.5M
10331 E Broadview Drive
$4,500,000
$109/SF
Building Size
40,950 SF
Asset Type
Development Site
Closing
Aug 16, 2020
AI
A development site located at 10331 E Broadview Drive in Bay Harbor Islands has been sold for $4,500,000. The property spans 4,095 square feet and was transacted on 08/17/2020. The seller's representative in this deal was @JoelLusky, while the buyer's representative was Shneur Shapira.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,500,000
- BSF: 4,095
- Seller's Representative: @JoelLusky
- Buyer's Representative: Shneur Shapira
The successful sale of this development site in Bay Harbor Islands was facilitated by @JoelLusky, representing the seller, and Shneur Shapira, who acted as the buyer's representative. This transaction marks a significant milestone in the local real estate market, demonstrating strong demand for development opportunities in the area.
Players
Bay Harbor Islands 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93