Updated Sep 9, 2024
Todd Tucker Sells Bal Harbour Development Site On Park Dr For $3,095,000
146 Park Dr, Bal Harbour, FL, USA
$3,095,000
$1,247/SF
Building Size
2,481 SF
Asset Type
Development Site
Closing
May 18, 2021
About this deal
AI
A development site located at 146 Park Dr in Bal Harbour has been sold for $3,095,000. The property, with a building square footage of 2,481, was sold on May 19, 2021. This sales price translates to a price per building square footage (PPBSF) of $1,247. The seller of the property was Todd Tucker.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,095,000
- Address: 146 Park Dr
- Market: Bal Harbour
- Building Square Footage (BSF): 2,481
- Price per Building Square Footage (PPBSF): $1,247
The sale of this development site was facilitated by brokers Joel Lusky from the Joel Lusky agency and Zalmy Shapiro from the Shapiro Group. They represented the seller, Todd Tucker, in the transaction.
Players
Bal Harbour 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
5.13%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93