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416 Golden Beach Drive

Max Farbstein & Ryan Farbstein Represent Buyer In $9.4M Development Site Sale At Golden Beach
SOLDDevelopment Site

Max Farbstein & Ryan Farbstein Represent Buyer In $9.4M Development Site Sale At Golden Beach

416 Golden Beach Drive

$9,400,000

Building Size

Asset Type

Development Site

Closing

Jul 22, 2024

AI

The property asset involved in the transaction is a development site located at 416 Golden Beach Drive in the Golden Beach market. The sale price for this property was $9,400,000, with a building square footage (BSF) of 21,875 and a price per building square foot (PPBSF) of $430.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $9,400,000
  • Address: 416 Golden Beach Drive
  • Market: Golden Beach
  • BSF: 21,875
  • PPBSF: $430

The deal involved representatives Max Farbstein and Ryan Farbstein, who acted officially in the transaction, providing services in facilitating the sale without being buyers or sellers themselves in the deal.

Players

Max Farbstein

Official

Broker

$92.8M

vol

13 deals

Broker

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

1.69%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93