Evgenii Dadonov Acquires Development Site In Golden Beach For $3.4M
SOLD
Florida
See Similar DealsDevelopment Site10,890 SF
Sold 11/08/2022
SOLD
Evgenii Dadonov Acquires Development Site In Golden Beach For $3.4M
624 Ocean Boulevard
See Similar DealsDevelopment Site10,890 SF
Sold 11/08/2022
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$312
Total Square Footage:10,890 SF
Transaction Type:Sale
624 Ocean Blvd, a development site located in Golden Beach, has been sold for $3,400,000. The property spans 10,890 square feet, resulting in a price per square foot of $312. This transaction took place on November 8, 2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,400,000
- Address: 624 Ocean Blvd
- Market: Golden Beach
- Buyer: Evgenii Dadonov
- Seller: Carmen Glazer
- Broker: Greg Gringruz - The Island - Your Real Estate Company; Carmen Glazer - US Prime Realty
Evgenii Dadonov acquired the development site at 624 Ocean Blvd from Carmen Glazer. The transaction involved the following brokers: Greg Gringruz from The Island - Your Real Estate Company and Carmen Glazer from US Prime Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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