Updated Oct 29, 2024
Central Park Tower Corp. Acquires Golden Beach Development Site For $10.75M
365 Ocean Boulevard, Golden Beach, FL, USA
$10,750,000
$385/SF
Building Size
27,900 SF
Asset Type
Development Site
Closing
Sep 8, 2019
About this deal
AI
The development site located at 365 Ocean Boulevard in Golden Beach has been sold for a price of $10,750,000. Spanning an area of 27,900 square feet, the property was acquired by Central Park Tower Corp. The sale was facilitated by Zoila Garcia of Berkshire Hathaway HomeServices EWM Realty.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $10,750,000
- Address: 365 Ocean Boulevard, Golden Beach
- Market: Golden Beach
Nathan Saks, the seller of the property, entered into the transaction with Central Park Tower Corp. Representing the buyer, Zoila Garcia from Berkshire Hathaway HomeServices EWM Realty played a crucial role in the deal.
Golden 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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93