Max Farbstein & Ryan Farbstein Of Official Represent Buyers In $9.4M Golden Beach Development Site Sale
416 Golden Beach Drive
$9,400,000
Building Size
—
Asset Type
Development Site
Closing
Jul 22, 2024
AI
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:
- Property Type: Development Site
- Transaction Amount: $9,400,000
- Building Square Footage: 21,875
- Price per Square Foot: $430
- Buyer's Representative: Max Farbstein & Ryan Farbstein - Official
- Seller's Representatives: Alan Eskenazi, Eli Eskenazi & Alexander Goldstein - Miles Goldstein Real Estate
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
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