Dan Ainuz Of Realty Hub Represents Prospective Group Acquiring Development Site In Boca Raton For $1.15M
1545 Northeast 4th Avenue
$1,200,000
$98/SF
Building Size
12,219 SF
Asset Type
Development Site
Closing
Feb 7, 2025
AI
The property involved in this transaction is a development site located at 1545 Northeast 4th Avenue in Boca Raton. The asset was sold for $1,150,000 and has a square footage of 12,219.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,150,000
- Buyer: Dan Ainuz - Prospective Group
- Seller: Mahesh Veerappa
- Broker: Dan Ainuz - Realty Hub
Dan Ainuz, representing Prospective Group, is a key player in this transaction focusing on acquiring land for luxury developments. The firm emphasizes its goal of acquiring tear downs and land suitable for development, inviting others to submit potential deals for collaboration.
Players
Boca Raton 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93