Updated Oct 29, 2024
Rachel Lebowicz Acquires Bal Bay Dr Development Site In Bal Harbour For $6.4M
84 Bal Bay Drive, Bal Harbour, FL, USA
$6,400,000
$1,522/SF
Building Size
4,204 SF
Asset Type
Development Site
Closing
Jun 30, 2020
About this deal
AI
A development site in Bal Harbour has been sold for $6,400,000. The property, located at 84 Bal Bay Dr, offers a total buildable square footage (BSF) of 20,500. The price per buildable square footage (PPBSF) is $312.20. Moshe Goldshtein of Harding Realty Inc. represented the seller, Harry Benitah, in this transaction. The buyer, Rachel Lebowicz of Surfside, acquired the property.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,400,000
- Address: 84 Bal Bay Dr
- Market: Bal Harbour
- BSF: 20,500
- PPBSF: $312.20
Moshe Goldshtein, from Harding Realty Inc., served as the broker for the seller, Harry Benitah. No additional information is available regarding this transaction.
Bal Harbour 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93