Updated Dec 21, 2023
Moshe Goldshtein And Lydia Eskenazi Acquire Bal Harbour Development Site For $9.3M
148 Bal Bay Drive, Bal Harbour, FL, USA
$9,300,000
$334/SF
Building Size
27,796 SF
Asset Type
Development Site
Closing
Aug 4, 2020
About this deal
AI
A development site located at 148 Bal Bay Dr in Bal Harbour has been sold for $9,300,000. The property spans 28,000 square feet and has a buildable square footage of 12,000. The price per buildable square foot is $775. The transaction took place on August 5, 2020.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $9,300,000
- Address: 148 Bal Bay Dr, Bal Harbour
- Market: Bal Harbour
- Buildable Square Footage: 12,000
- Price per Buildable Square Foot: $775
- Seller: Robert Miroshkin
- Brokers: Moshe Goldshtein, Lydia Eskenazi - Harding Realty
- Important Note: Moshe Goldshtein of Harding Realty represented the buyer, while Lydia Eskenazi of Harding Realty represented the seller.
Moshe Goldshtein from Harding Realty represented the buyer, and Lydia Eskenazi, also from Harding Realty, represented the seller in the deal.
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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93