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6727 126th Avenue North

Lincoln Avenue Communities Purchases Residential Development Site In Largo For $3.75M With KSR Brokers
SOLDDevelopment Site

Lincoln Avenue Communities Purchases Residential Development Site In Largo For $3.75M With KSR Brokers

6727 126th Avenue North

$3,750,000

$16/SF

Building Size

222,156 SF

Asset Type

Development Site

Closing

Jun 8, 2025

AI

The property involved in this transaction is a residential development site located at 6727 126th Avenue North in Largo, FL. The site extends over 5.1 acres, with a price per acre calculated at $735,294. The overall sale price for the property is $3,750,000.

Summary of transaction details:

  • Property Type: Residential Development Site
  • Transaction Amount: $3,750,000
  • Address: 6727 126th Avenue North
  • Market: Largo, FL
  • Acres: 5.1
  • Price Per Acre: $735,294
  • Buyer: Lincoln Avenue Communities - Alex Lee & Avinoam Baral
  • Seller: Tomasz Rzedzian
  • Brokers: Joseph Kassin, David Warren, Ronnie Shaban & Steven Pollan - KSR

The transaction features buyers Alex Lee and Avinoam Baral representing Lincoln Avenue Communities, while the seller of the property is Tomasz Rzedzian. The brokerage involved in this transaction includes Joseph Kassin, David Warren, Ronnie Shaban, and Steven Pollan from KSR, showcasing a collaborative effort in facilitating the sale.

Players

Joseph Kassin

Kassin Sabbagh Realty

Broker

$1.1B

vol

14 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage

Largo 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

4.23%

Cash-on-Cash

-1.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93