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1055 93rd Street

Lee Cohen Of Development Marketing Team And Alyssa Morgan Of The Inside Network Sell Development Site For $2.35M
SOLDDevelopment Site

Lee Cohen Of Development Marketing Team And Alyssa Morgan Of The Inside Network Sell Development Site For $2.35M

1055 93rd Street

$2,350,000

$1,119/SF

Building Size

2,100 SF

Asset Type

Development Site

Closing

Sep 3, 2024

AI

The property asset involved in the transaction is a development site located at 1055 93rd Street, Bay Harbor Islands. It has a total square footage of 2,100 and was sold for a price of $2,350,000, resulting in a price per square foot of $1,119.

Summary of transation details:

  • Property Type: Development Site
  • Transaction Amount: $2,350,000
  • Square Footage: 2,100
  • Price per Square Foot: $1,119
  • Address: 1055 93rd Street, Bay Harbor Islands
  • Seller: Lee Cohen - Development Marketing Team
  • Seller: Alyssa Morgan - The Inside Network
  • Buyer's Representative: Jessica Gulick-Larsen

Key individuals in this transaction include the sellers, Lee Cohen, representing the Development Marketing Team, and Alyssa Morgan from The Inside Network. The buyer’s representative for the deal was Jessica Gulick-Larsen.

Players

Alyssa Morgan

The Inside Netwok

Broker

$95M

vol

26 deals

Broker

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

6.75%

Cash-on-Cash

-1.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93