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Max Farbstein & Ryan Farbstein Of Official Represent Buyers In $9.4M Golden Beach Development Site Sale

Property Image
SOLD
$9,400,000
Eli Eskenazi
Ryan Farbstein
Max Farbstein
+ 2

Florida

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SOLD

Max Farbstein & Ryan Farbstein Of Official Represent Buyers In $9.4M Golden Beach Development Site Sale

416 Golden Beach Drive

See Similar Deals
Development Site
Sold
Eli Eskenazi
Ryan Farbstein
Max Farbstein
+ 2
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Sale

The development site located at 416 Golden Beach Drive was sold for $9,400,000. This property spans approximately 21,875 square feet, resulting in a price per square foot of $430 within the Golden Beach market.

Summary of transaction details:

The transaction involved several key individuals, including Max Farbstein and Ryan Farbstein representing the buyer and Alan Eskenazi, Eli Eskenazi, and Alexander Goldstein who represented the seller. Their roles were pivotal in the execution of this real estate deal within the Golden Beach market.

Players

Alexander Goldstein
Miles Goldstein Real Estate
Alexander Goldstein
26 deals$281.6M volume
BROKER
Alan Eskenazi
Miles Goldstein Real Estate
Alan Eskenazi
37 deals$221.6M volume(786) 493-7772
BROKER
Max Farbstein
Official
Max Farbstein
13 deals$92.8M volume(201) 572-2768
BROKER
Ryan Farbstein
Official
Ryan Farbstein
13 deals$92.8M volume(201) 572-2770
BROKER
Eli Eskenazi
Miles Goldstein Real Estate
Eli Eskenazi
29 deals$155M volume(786) 449-2228
BROKER

Details

SOLD
IMAGE: Alexander Goldstein, Eli Eskenazi, Alan Eskenazi, Max Farbstein & Ryan Farbstein DATE: 07/22/2024 ADDRESS: 416 Golden Beach Drive MARKET: Golden Beach ASSET TYPE: Development Site BUYER'S REP: Max Farbstein (@Max_Farb) & Ryan Farbstein (@RyanFarb) - Official (@OfficialPartners) SELLER'S REP: Alan Eskenazi (@AlanEskenazi), Eli Eskenazi (@EliEskenazi) & Alexander Goldstein (@MrAlexGoldstein) - Miles Goldstein Real Estate (@MilesGoldstein_RealEstate) SALE PRICE: $9,400,000 BSF: 21,875 ~ PPBSF: $430

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

$501,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$33,396.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,560.80
Annual Debt Service$534,729.55