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
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