Borda Commercial Real Estate Acquires Development Site In Sunny Isles Beach For $2.4M
SOLD
$2,409,631
Florida
See Similar DealsDevelopment Site22,832 SF
Sold 07/23/2020
SOLD
Borda Commercial Real Estate Acquires Development Site In Sunny Isles Beach For $2.4M
224 Atlantic Isle, Sunny Isles Beach, FL 33160, USA
See Similar DealsDevelopment Site22,832 SF
Sold 07/23/2020
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$105
Total Square Footage:22,832 SF
Transaction Type:Sale
A development site located at 224 Atlantic Ave in Sunny Isles Beach was recently sold in a closed transaction. The sale took place on 07/23/2021.
Summary of transaction details
- Property Type: Development Site
- Sale Price: $2,409,631
- Asking Price: $3,150,000
- BSF (Building Square Footage): 22,832
- Price per BSF: $106
- Market: Sunny Isles Beach
- Buyer's Representative: Mario Borda - Borda Commercial Real Estate Inc
- Seller's Representatives: Americo D`Agostini & Domenico Albano - A&D Group Realty
Mario Borda from Borda Commercial Real Estate Inc represented the buyer in this transaction, while the seller was represented by Americo D`Agostini and Domenico Albano from A&D Group Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$128,513.63
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,560.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,422.88
Annual Debt Service$137,074.56
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