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Moshe Lehrer Acquires Development Site On South North Lake Drive For $3.6M

Property Image
SOLD
$3,600,000
Shlomo Poston
Yaacov Poston
AS

Florida

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Development Site34,835 SF
Sold
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Property Image
SOLD

Moshe Lehrer Acquires Development Site On South North Lake Drive For $3.6M

933 South North Lake Drive

See Similar Deals
Development Site34,835 SF
Sold
Shlomo Poston
Yaacov Poston
AS
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$103
Total Square Footage:34835 SF
Transaction Type:Sale

The Development Site located at 933 South North Lake Drive in Hollywood was sold for $3,600,000. The property spans 34,835 square feet with a price per square foot of $103. Additionally, the building on the site encompasses 20,135 square feet, equating to a price per square foot of $179.

Summary of transation details:

The sale of this Development Site was facilitated by brokers Yaacov Poston, Shlomo Poston, and Aliza Shaulson from The Real Estate Lab. Moshe Lehrer acquired the property from seller Cathy Sheppard at the mentioned price point. This transaction highlights the successful collaboration between the involved parties in the Hollywood real estate market.

Players

Yaacov Poston
The Real Estate Lab
Yaacov Poston
29 deals$62.1M volume
BROKER
Shlomo Poston
The Real Estate Lab
Shlomo Poston
26 deals$62.7M volume
BROKER
AS
The Real Estate Lab
Aliza Shaulson
1 deal$3.6M volume
BROKER

Details

SOLD
IMAGE: Yaacov Poston & Shlomo Poston DATE: 06/20/2024 ADDRESS: 933 South North Lake Drive MARKET: Hollywood ASSET TYPE: Development Site BUYER: Moshe Lehrer SELLER: Cathy Sheppard BROKER: Yaacov Poston (@Yaacovpo), Shlomo Poston & Aliza Shaulson - The Real Estate Lab (@TREL.Miami) SALE PRICE: $3,600,000 SF: 34,835 ~ PPSF: $103 BSF: 20,135 ~ PPBSF: $179

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$192,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04