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9156 Emerson Avenue

Basilio Tager Purchases Development Site In Surfside For $1.26M With Brokers Carlos Megias And Michelle Silva Lindquist
SOLDDevelopment Site

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

Michelle Silva Lindquist

Casa Florida Group

Broker

$42.8M

vol

4 deals

Broker
The Corcoran Group
The Corcoran GroupBrokerage

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