Borda Commercial Real Estate Acquires Development Site In Sunny Isles Beach For $2.4M
224 Atlantic Isle, Sunny Isles Beach, FL 33160, USA
$2,409,631
$105/SF
Building Size
22,832 SF
Asset Type
Development Site
Closing
Jul 23, 2020
AI
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.
Players
Sunny Isles Beach Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.58%
Cash-on-Cash
-1.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93