Laurence Maurer Sells Development Site In Sunrise For $2.925M With Brokers Lena Zubkova & Moshe Biton

The property involved in the transaction is a development site located at 5101 Northwest 109th Avenue in Sunrise. The site spans 3.8 acres, and the sale was concluded for a price of $2,925,000, yielding a price per building square foot of $58 based on a total building square footage of 50,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,925,000
• Address: 5101 Northwest 109th Avenue
• Market: Sunrise
• Total square footage: 50,000
• Price per building square foot: $58
• Seller: Laurence Maurer
• Buyers' Brokers: Lena Zubkova - Apogee Realty
• Sellers' Brokers: Moshe Biton - Capital Group Realty

This transaction reflects two years of efforts culminating in a successful closing. The buyer secured site plan approval through collaborative efforts involving the seller, attorneys, and city officials, showcasing the importance of teamwork in real estate transactions.