Mina Taskiran Sells Development Site In North Bay Village For $3.3M
7544 West Treasure Drive, North Bay Village, Florida 33141, United States
$3,300,000
$471/SF
Building Size
7,000 SF
Asset Type
Development Site
Closing
Jun 20, 2022
AI
A development site located at 7544 W Treasure Dr in North Bay Village has been sold for $3,300,000. The property spans 7,000 square feet and has a price per square foot of $471. The building's total square footage is 8,400 with a price per buildable square foot of $393.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,300,000
- Address: 7544 W Treasure Dr
- Market: North Bay Village
The seller of the development site was Max Ducharme. Representing the seller in the deal was Mina Taskiran from Corcoran.
Players
North Bay Village 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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93