Zalmy Shapiro & Joel Lusky Acquire Development Site In Bal Harbour For $3.08M
SOLD
$3,080,000
Florida
See Similar DealsDevelopment Site3,130 SF
Sold 04/02/2021
SOLD
Zalmy Shapiro & Joel Lusky Acquire Development Site In Bal Harbour For $3.08M
121 Bal Cross Drive, Bal Harbour, FL 33154, USA
See Similar DealsDevelopment Site3,130 SF
Sold 04/02/2021
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$984
Total Square Footage:3,130 SF
Transaction Type:Sale
Located at 121 Bal Cross Dr in Bal Harbour, this development site was recently sold for $3,080,000. The sale took place on April 2, 2021, and the property spans a total of 13,775 square feet. With a price per square foot of $224, this transaction represents a significant investment opportunity in the Bal Harbour market.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $3,080,000
- Address: 121 Bal Cross Dr, Bal Harbour
- Market: Bal Harbour
- BSF: 13,775
- PPBSF: $224
This deal was facilitated by Joel Lusky from the Joel Lusky agency and Zalmy Shapiro from The Shapiro Group. As representatives of the buyer or seller in this transaction, they played a crucial role in ensuring a successful deal. Their expertise and negotiation skills contributed to the smooth completion of this sale.
Players
BROKERAGE
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$164,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,942.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,600.77
Annual Debt Service$175,209.26
Is there something missing? Send suggestions