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
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