Updated Dec 21, 2023
Bluestone Ventures Group Acquires Development Site In Ft Lauderdale For $3M
$3,000,000
$153/SF
Building Size
19,578 SF
Asset Type
Development Site
Closing
May 18, 2023
About this deal
AI
Broker Valentina Stransky of Bluestone Ventures Group facilitated the sale of an off-market oversized lot in the exclusive new gated community, The Enclave. The development site, located in Fort Lauderdale, was sold by seller Anthony Mancini for a sale price of $3,000,000. Spanning 19,578 square feet, the property was sold at a price per square foot of $153.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,000,000
- Square Footage: 19,578
- Price Per Square Foot: $153
- Seller: Anthony Mancini
- Buyer's Representative: Valentina Stransky - Bluestone Ventures Group
Bluestone Ventures Group specializes in "Deal Matchmaking" and excels at identifying lucrative off-market opportunities. They utilize their expertise to turn deals and ideas into reality. With broker Valentina Stransky overseeing the transaction, this exclusive lot sale demonstrates the agency's dedication to facilitating connections and unlocking high-end real estate opportunities.
Players
Market 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93