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Mark Halpern Sells Development Site At 8900 Bay Drive Surfside For $14.3M

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SOLD
$14,300,000

Florida

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Development Site23,485 SF
Sold 04/17/2026
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Property Image
SOLD

Mark Halpern Sells Development Site At 8900 Bay Drive Surfside For $14.3M

8900 Bay Drive

See Similar Deals
Development Site23,485 SF
Sold 04/17/2026
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Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$608
Total Square Footage:23,485 SF
Transaction Type:Sale

The property involved in the transaction is a development site located at 8900 Bay Drive in Surfside. It was sold for a price of $14,300,000, covering an area of 23,485 square feet, equating to a price per square foot of $608.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $14,300,000
  • Address: 8900 Bay Drive
  • Market: Surfside
  • Square Footage: 23,485
  • Price per Square Foot: $608
  • Seller: Mark Halpern
  • Broker Representatives: Joel Lusky & Zalmy Shapiro - The Brokerage South Florida Real Estate

This transaction was facilitated by Joel Lusky and Zalmy Shapiro, who represent The Brokerage South Florida Real Estate. They played a key role in the negotiation and closing processes associated with this deal.

Players

Zalmy Shapiro
33 deals$288.3M volume
BROKER

Joel Lusky
The Brokerage South Florida Real Estate
44 deals$422.7M volume
BROKER

Details

SOLD
IMAGE: Joel Lusky & Zalmy Shapiro DATE: 04/17/2026 ADDRESS: 8900 Bay Drive MARKET: Surfside ASSET TYPE: Development Site SELLER: Mark Halpern BROKERS: Joel Lusky (@JoelLusky) & Zalmy Shapiro (@Zalmy_Shapiro) - The Brokerage South Florida Real Estate (@TheBrokerage_RE) SALE PRICE: $14,300,000 SF: 23,485 ~ PPSF: $608

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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