Updated Dec 4, 2024
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
About this deal
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.
Ryelee Lebowitz Represents One Park Tower In $13M North Miami Development Site Sale is logged as a development site sale on Traded (2024). Ryelee Lebowitz Represents One Park Tower In $13M North Miami Development Site Sale is classified as Development Site on Traded. Ryelee Lebowitz, The Inside Netwok appear on the sale alongside The Inside Netwok. This page is the market file for the Ryelee Lebowitz Represents One Park Tower In $13M North Miami Development Site Sale development site sold: pricing, party profiles, and other closed development site comps from the same area sit in the Market section below. Cite this Ryelee Lebowitz Represents One Park Tower In $13M North Miami Development Site Sale sale when underwriting similar development site product.
Market 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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93