Updated Sep 9, 2024
Asher Perez Sells Development Site In Bal Harbour For $5M With Broker Reps Joel Lusky & Zalmy Shapiro
181 Bal Cross Drive, Bal Harbour, Florida 33154, United States
$5,000,000
$892/SF
Building Size
5,600 SF
Asset Type
Development Site
Closing
May 16, 2022
About this deal
AI
A development site located at 181 Bal Cross Dr in Bal Harbour has been sold for $5,000,000. The property spans 5,600 square feet, resulting in a price per square foot of $893. The building size factor (BSF) is 11,200, equating to a price per BSF of $446.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $5,000,000
- Address: 181 Bal Cross Dr, Bal Harbour
- Market: Bal Harbour
The seller of the development site is Asher Perez. The brokerage firm, The Brokerage, represented the seller in the deal. The transaction was facilitated by brokers Joel Lusky and Zalmy Shapiro.
Players
Bal Harbour 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93