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:
- Property Type: Development Site
- Transaction Amount: $2,300,000
- Address: 1055 93rd Street #4A, Bay Harbor Islands
- Square Footage: 2,100
- Price per Square Foot: $1,095
- Seller: Lee Cohen
- Brokers: Alyssa Brody - Development Marketing Team; Alyssa Morgan - The Inside Network
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
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