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
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