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1055 93rd Street #4A

Lee Cohen Sells Development Site In Bay Harbor Islands For $2.3M
SOLDDevelopment Site

Lee Cohen Sells Development Site In Bay Harbor Islands For $2.3M

1055 93rd Street #4A

$2,300,000

$1,095/SF

Building Size

2,100 SF

Asset Type

Development Site

Closing

Jun 21, 2024

AI

The property asset involved in this transaction is a development site located at 1055 93rd Street #4A, Bay Harbor Islands. The last asking price for the asset was $2,300,000, with a total square footage of 2,100 and a price per square foot of $1,095.

Summary of transaction details:

The deal was facilitated by representatives from the Development Marketing Team and The Inside Network, highlighting the collaborative effort between the two broker teams to achieve the successful transaction. Lee Cohen was the seller overseeing the deal.

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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93