Tal Levinson & Eric Malinasky Acquire Development Site In Dania Beach For $1.575M
4101 Griffin Rd Davie, FL 33314, USA
$1,575,000
$30/SF
Building Size
51,991 SF
Asset Type
Development Site
Closing
Jul 19, 2023
AI
A development site located at 4101 Griffin Road in Dania Beach has been sold for a price of $1,575,000. The property spans a total of 51,991 square feet, resulting in a price per square foot of $30.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,575,000
- Square Footage: 51,991
- Price per Square Foot: $30
- Address: 4101 Griffin Road, Dania Beach
- Buyer: Tal Levinson & Eric Malinasky
- Seller: Raymond Marion Lundberg Trust
Tal Levinson and Eric Malinasky were the buyers in this transaction, while the property was sold by the Raymond Marion Lundberg Trust. These key individuals were involved in the successful transfer of the development site in Dania Beach.
Players
Miami 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
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93