Updated Sep 9, 2024
Zalmy Shapiro & Joel Lusky Acquire Development Site In Bal Harbour For $3.08M
121 Bal Cross Drive, Bal Harbour, FL 33154, USA
$3,080,000
$984/SF
Building Size
3,130 SF
Asset Type
Development Site
Closing
Apr 1, 2021
About this deal
AI
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
Bal Harbour Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Zalmy Shapiro to view all their deals.
Browse Florida development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.15%
Cash-on-Cash
-1.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93