Updated Oct 29, 2024
Andrew Ansin's Sunbeam Television Corp. Acquires Development Site In North Bay Village For $29M
1415 Northeast 79th Street, North Bay Village, FL, USA
$29,000,000
$199/SF
Building Size
145,490 SF
Asset Type
Development Site
Closing
Mar 10, 2021
About this deal
AI
A development site in North Bay Village has been sold for $29 million. The property, located at 1415 Northeast 79th Street, spans 3.3 acres and has a building size of 17,426 square feet. The buyer, Andrew Ansin of Sunbeam Television Corp., acquired the site from Isle of Dreams, represented by Andre Radandt. The price per square foot for the transaction was approximately $1,664, and the price per acre was approximately $8,787,879.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $29,000,000
- Address: 1415 Northeast 79th Street
- Market: North Bay Village
- Buyer: Andrew Ansin - Sunbeam Television Corp.
- Seller: Isle of Dreams - Andre Radandt
- Building Size (BSF): 17,426 square feet
- Price per Building Square Foot (PPBSF): $1,664
- Acreage: 3.3 acres
- Price per Acre (PPA): $8,787,879
Andrew Ansin, representing Sunbeam Television Corp., successfully acquired the development site at 1415 Northeast 79th Street in North Bay Village from Isle of Dreams, represented by Andre Radandt. This transaction represents a significant investment in the North Bay Village market and highlights the growing interest in development opportunities in the area.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93