James Smith Acquires Development Site On Polk Street From Mike Stern For $1.65M
SOLD
$1,650,000
Florida
See Similar DealsDevelopment Site20,514 SF
Sold 03/21/2025
SOLD
James Smith Acquires Development Site On Polk Street From Mike Stern For $1.65M
2543 Polk Street
See Similar DealsDevelopment Site20,514 SF
Sold 03/21/2025
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$80
Total Square Footage:20,514 SF
Transaction Type:Sale
The property asset involved in this transaction is a development site located at 2543 Polk Street in the Hollywood market. The transaction was completed for a price of $1,650,000.00, encompassing a total of 20,514 square feet.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $1,650,000.00
- Address: 2543 Polk Street
- Market: Hollywood
- Square Footage: 20,514.0
- Seller: Mike Stern
- Buyer: James Smith
- Seller's Representatives: Elior Levi (Fausto Commercial Realty Consultants), Carlos Fausto Miranda (Fausto Commercial Realty Consultants)
The transaction featured key individuals including the buyer, James Smith, acquiring the property from seller Mike Stern, with representation provided by Elior Levi and Carlos Fausto Miranda, both associated with Fausto Commercial Realty Consultants.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
Is there something missing? Send suggestions