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1630 South Treasure Drive, ...

1630 S Treasure Dr Development Site In North Bay Village Sold For $3.4M
SOLDDevelopment Site

1630 S Treasure Dr Development Site In North Bay Village Sold For $3.4M

1630 South Treasure Drive, North Bay Village, FL, USA

$3,400,000

$377/SF

Building Size

9,000 SF

Asset Type

Development Site

Closing

Apr 21, 2021

AI

The development site located at 1630 S Treasure Dr in North Bay Village has been sold for a transaction amount of $3,400,000. The property spans approximately 9,000 square feet, resulting in a price per square foot of $377. The sale took place on 04/22/2021.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $3,400,000
  • Address: 1630 S Treasure Dr
  • Market: North Bay Village

The buyer of the property is an entity named 1630 S Treasure Island Drive, while the seller is Treasure Island One. The transaction was facilitated by brokers Charles Rutenberg and Wendy Sanchez, who represented the buyer, and Brett Harris, a representative from Douglas Elliman. The buyer's representative Wendy Sanchez can be reached at @Ms_WendyRealty, and Brett Harris can be contacted at @BrettHarrisHomes.

Players

Brett Harris

Douglas Elliman

Broker

$590M

vol

16 deals

Broker

North Bay Village 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

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93