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4101 Griffin Rd Davie, FL 3...

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

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

Eric Malinasky

Buyer

$18.4M

vol

8 deals

Buyer
T
TrustSeller

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