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416 Golden Beach Drive

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

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:

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

Broker

$281.6M

vol

26 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