Dan Ainuz Of Realty Hub Represents Buyer Prospective Group In Boca Raton Development Site Sale For $1.2M
445 Northeast 15th Terrace
$1,200,000
$127/SF
Building Size
9,404 SF
Asset Type
Development Site
Closing
Feb 4, 2025
AI
The property involved in this transaction is a development site located at 445 Northeast 15th Terrace, Boca Raton. The sale price for the asset is $1,200,000, encompassing a total square footage of 9,404. The price per square foot comes to approximately $127.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,200,000
- Square Footage: 9,404
- Price per Square Foot: $127
- Buyer: Dan Ainuz - Prospective Group
- Seller: Ovadia Elias
- Broker: Dan Ainuz - Realty Hub
Dan Ainuz, acting on behalf of Prospective Group, leads the acquisition for the buyer. The firm specializes in acquiring properties intended for luxury development, with a focus on tear downs and land development opportunities. The involvement of Ovadia Elias as the seller completes the transaction supported by Dan Ainuz’s representation through Realty Hub.
Players
Boca Raton 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93