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4424 North Bay Road, Miami ...

Jennifer Taplin Sazant & Neil Sazant Acquire Miami Beach Development Site For $7.5M
SOLDDevelopment Site

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

Karen Stauber

Coldwell Banker

Broker

$64.1M

vol

4 deals

Broker
Neil S Sazant

Neil S Sazant

Buyer

$105.7M

vol

4 deals

Buyer

Miami Beach Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

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