Damián Martinez Sells Development Site At 319 Holiday Drive Hallandale Beach For $2.535M
319 Holiday Drive
$2,535,000
$198/SF
Building Size
12,750 SF
Asset Type
Development Site
Closing
Apr 28, 2025
AI
This development site, located at 319 Holiday Drive in Hallandale Beach, is characterized by its prime waterfront land status and encompasses a total of 12,750 square feet. The property was sold at a transaction price of $2,535,000, translating to a price per square foot of $198.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,535,000
- Square Footage: 12,750
- Price per Square Foot: $198
- Seller: Damián Martinez
- Seller's Representative: Federico Yaffe - Yaffe International Realty
- Date of Sale: 4/29/2025
- Market: Hallandale Beach
Federico Yaffe represented the seller, Damián Martinez, in this transaction. The broker noted that the land is ideally suited for luxury residential development, featuring no fixed bridges to the ocean, which adds to its desirability for such projects.
Hallandale Beach 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
6.26%
Cash-on-Cash
-1.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93