Lee Cohen Sells Development Site At 1055 93rd Street Bay Harbor Islands For $1.699M
1055 93rd Street
$1,699,000
$1,199/SF
Building Size
1,416 SF
Asset Type
Development Site
Closing
Sep 3, 2024
AI
The property involved in the transaction is a development site located at 1055 93rd Street, Bay Harbor Islands. The sale price was set at $1,699,000, with a total square footage of 1,416 and a price per square foot of $1,199.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,699,000
- Address: 1055 93rd Street, Bay Harbor Islands
- Square Footage: 1,416
- Price per Square Foot: $1,199
- Seller: Lee Cohen
- Brokers: Alyssa Brody - Development Marketing Team; Alyssa Morgan - The Inside Network
The deal was facilitated by broker representatives Alyssa Brody and Alyssa Morgan, whose expertise in the market contributed to the successful transaction. Lee Cohen served as the seller in this deal.
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
9.34%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93