Jacob Ohayon Acquires Development Site At 166 Bal Bay Drive From Ari Sragowicz For $16.5M

The property involved in this transaction is a development site located at 166 Bal Bay Drive in the Bal Harbour market. The sale price for this asset was $16,500,000, with a size of 20,900 square feet, resulting in a price per square foot of $789.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $16,500,000
• Address: 166 Bal Bay Drive
• Market: Bal Harbour
• Square Footage: 20,900
• Price Per Square Foot: $789
• Buyer: Jacob Ohayon
• Seller: Ari Sragowicz
• Brokers: Joel Lusky & Zalmy Shapiro - The Brokerage South Florida Real Estate

The transaction was completed with Jacob Ohayon acting as the buyer, while Ari Sragowicz served as the seller. The brokerage firm involved in this deal consists of Joel Lusky and Zalmy Shapiro, who represented the parties in the transaction.