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319 Holiday Drive

Damián Martinez Sells Development Site At 319 Holiday Drive Hallandale Beach For $2.535M
SOLDDevelopment Site

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.

Players

Federico Yaffe

Yaffe International Realty

Broker

$2.5M

vol

1 deal

Broker

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