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Tal Levinson & Eric Malinasky Acquire Development Site In Dania Beach For $1.575M

Property Image
SOLD
$1,575,000
EM
TL

Florida

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Development Site51,991 SF
Sold 07/19/2023
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Property Image
SOLD

Tal Levinson & Eric Malinasky Acquire Development Site In Dania Beach For $1.575M

4101 Griffin Rd Davie, FL 33314, USA

See Similar Deals
Development Site51,991 SF
Sold 07/19/2023
EM
TL
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$30
Total Square Footage:51,991 SF
Transaction Type:Sale

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

EM
Eric Malinasky
8 deals$18.4M volume
BUYER
TL
Tal Levinson
8 deals$18.4M volume
BUYER
T
Trust
SELLER

Details

SOLD
IMAGE: Tal Levinson DATE: 07/19/2023 ADDRESS: 4101 Griffin Road MARKET: Dania Beach ASSET TYPE: Development Site BUYER: Tal Levinson (@T.lev) & Eric Malinasky (@Emalinasky24) SELLER: Raymond Marion Lundberg Trust SALE PRICE: $1,575,000 SF: 51,991 ~ PPSF: $30

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$84,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,595.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,466.30
Annual Debt Service$89,595.64