Jehad Audy Acquires Covered Land In Edgewater From Israel Kopel For $2.14M
SOLD
Florida
See Similar DealsDevelopment Site7,441 SF
Sold 08/22/2024
SOLD
Jehad Audy Acquires Covered Land In Edgewater From Israel Kopel For $2.14M
148 Northeast 26th Street
See Similar DealsDevelopment Site7,441 SF
Sold 08/22/2024
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$287
Total Square Footage:7,441 SF
Transaction Type:Sale
The transaction involved a covered land asset located at 148 Northeast 26th Street in the Edgewater market. The property was sold for $2,142,000, encompassing a total area of 7,441 square feet, resulting in a price per square foot of $287.
Summary of transaction details:
- Property Type: Covered Land
- Transaction Amount: $2,142,000
- Address: 148 Northeast 26th Street
- Market: Edgewater
- Square Footage: 7,441
- Price Per Square Foot: $287
- Buyer: Jehad Audy
- Seller: Israel Kopel
- Broker Representatives: Alexandros Tsoulfas - STL Commercial; Jamie Rose Maniscalco - The Alpha Commercial
This transaction was facilitated by broker representatives Alexandros Tsoulfas from STL Commercial and Jamie Rose Maniscalco from The Alpha Commercial, who played key roles in connecting the buyer, Jehad Audy, and the seller, Israel Kopel.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$114,240.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,610.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,154.17
Annual Debt Service$121,850.07
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