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1409 South Federal Highway,...

Brandee Goldstein Breaks Records With $1.45M Sale Of Development Site In Dania Beach
SOLDDevelopment Site

Brandee Goldstein Breaks Records With $1.45M Sale Of Development Site In Dania Beach

1409 South Federal Highway, Dania Beach, FL, USA

$1,450,000

$80/SF

Building Size

18,000 SF

Asset Type

Development Site

Closing

Apr 30, 2020

AI

A development site located at 1409 S Federal Highway, SE 14th Street, and 10 SE 14th Street 1-3 in Dania Beach has been sold. The property is situated in the Dania Beach market and was listed for sale by Starr Properties of Dania. The transaction was facilitated by Brandee Goldstein from GoldBrandAgency, representing FIP Commercial Realty. The property was recently sold for $1,450,000, which is $150,000 over the asking price. The asking price for the development site was $1,300,000. The property has a building size of 18,000 square feet, resulting in a price per square foot of $80.56. This transaction sets a new record for land sales in Dania Beach, thanks to Brandee Goldstein's successful efforts.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,450,000
  • Address: 1409 S Federal Highway, SE 14th Street, 10 SE 14th Street 1-3, Dania Beach
  • Market: Dania Beach

It's worth noting that Brandee Goldstein, from the GoldBrandAgency, has been setting new records for land sales in Dania Beach. Her expertise and hard work have resulted in this successful transaction, where the property was sold for $150,000 over the asking price. GoldBrandAgency was represented by FIP Commercial Realty in this deal. This transaction demonstrates Goldstein's exceptional skills in the real estate market.

Players

Brandee Goldstein

Broker

$18M

vol

6 deals

Broker

Dania 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

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93