Updated Feb 17, 2025
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
About this deal
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.
On the Map
$1,200,000
$127/SF
Development Site
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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