Basilio Tager Purchases Development Site In Surfside For $1.26M With Brokers Carlos Megias And Michelle Silva Lindquist
9156 Emerson Avenue
$1,260,000
Building Size
—
Asset Type
Development Site
Closing
Jul 10, 2025
AI
A development site located at 9156 Emerson Avenue in Surfside has been sold. The sale price was $1,260,000 and the site has a buildable square footage of 3,800, resulting in a price per buildable square foot of $331.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,260,000
- Address: 9156 Emerson Avenue
- Market: Surfside
- Buildable Square Footage: 3,800
- Price per Buildable Square Foot: $331
- Buyer: Basilio Tager
- Buyer's Representative: Carlos Megias - The Corcoran Group
- Seller's Representative: Michelle Silva Lindquist - Casa Florida Group
The buyer, Basilio Tager, represented by Carlos Megias from The Corcoran Group, is a prominent developer planning to construct a new spec home on the site. The seller was represented by Michelle Silva Lindquist from Casa Florida Group.
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
12.59%
Cash-on-Cash
-3.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93