Ryelee Lebowitz Represents One Park Tower In $13M North Miami Development Site Sale
SOLD
$13,005,300
Florida
See Similar DealsDevelopment Site
Sold 05/29/2024
SOLD
Ryelee Lebowitz Represents One Park Tower In $13M North Miami Development Site Sale
Development Site
Sold 05/29/2024
Summary
Asset Type:Development Site
Transaction Type:Sale
The property located at 2411 Laguna Circle in North Miami, a Development Site, was sold for $13,005,300. The seller was One Park Tower, and the sale was facilitated by Ryelee Lebowitz from The Inside Network.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $13,005,300
- Address: 2411 Laguna Circle
- Market: North Miami
Ryelee Lebowitz from The Inside Network represented the seller, One Park Tower, in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,616.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,205.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,651.76
Annual Debt Service$739,821.08
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