SOLDDevelopment Site
Ryelee Lebowitz Represents One Park Tower In $13M North Miami Development Site Sale
$13,005,300
Building Size
—
Asset Type
Development Site
Closing
May 29, 2024
AI
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.
Market 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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93