Mark Halpern Sells Development Site At 8900 Bay Drive Surfside For $14.3M
8900 Bay Drive
$14,300,000
$608/SF
Building Size
23,485 SF
Asset Type
Development Site
Closing
Apr 16, 2026
AI
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
Surfside 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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93