Jennifer Taplin Sazant & Neil Sazant Acquire Miami Beach Development Site For $7.5M
4424 North Bay Road, Miami Beach, FL, USA
$7,500,000
$474/SF
Building Size
15,800 SF
Asset Type
Development Site
Closing
Jan 20, 1920
AI
A development site located at 4424 North Bay Road in Miami Beach has been sold for a price of $7,500,000. The property, with a total square footage of 15,800, was purchased by Jennifer Taplin Sazant and Neil Sazant. The transaction took place on January 21, 2020. The property is situated in the thriving market of Miami Beach, known for its desirable real estate opportunities.
Summary of transaction details:
- Property Type: Development site
- Transaction Amount: $7,500,000
- Address: 4424 North Bay Road, Miami Beach
- Total Square Footage: 15,800
- Market: Miami Beach
Karen Stauber from Coldwell Banker and Lindsay McMinn from Berkshire Hathaway represented the buyers, Jennifer Taplin Sazant and Neil Sazant, in this transaction. Their expertise in the real estate market played a pivotal role in securing this successful deal.
This sale of the development site on North Bay Road showcases the continued growth and opportunities in Miami Beach's real estate market. With the guidance of Karen Stauber and Lindsay McMinn, Jennifer Taplin Sazant and Neil Sazant were able to make a strategic investment in this prime location.
Players
Miami 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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93