Updated Sep 9, 2024
Jaime Rubinson Sells Surfside Development Site On Bay Drive For $5.7M
9056 Bay Drive, Surfside, Florida 33154, United States
$5,718,000
$1,143/SF
Building Size
5,000 SF
Asset Type
Development Site
Closing
Jun 19, 2022
About this deal
AI
A development site located at 9056 Bay Drive in Surfside has been sold for a total price of $5,718,000. The property spans 5,000 square feet and has a price per square foot of $1,144. The building size is 9,250 square feet, resulting in a price per building square foot of $618. The sale transaction took place on June 20, 2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $5,718,000
- Address: 9056 Bay Drive
- Market: Surfside
- Total Square Feet: 5,000
- Price per Square Foot: $1,144
- Building Size: 9,250 square feet
- Price per Building Square Foot: $618
The seller of the development site was Jaime Rubinson. The transaction was facilitated by Joel Lusky and Zalmy Shapiro from The Brokerage RE.
Players
Surfside 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
2.77%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93