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Barry DeNicola Realty Inc Acquires 0.33 Acre Land Parcel In Naples For $5.2M

Property Image
SOLD
$5,200,000
Barry DeNicola
Shawn Stuben

Florida

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Land
Sold 01/18/2024
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Property Image
SOLD

Barry DeNicola Realty Inc Acquires 0.33 Acre Land Parcel In Naples For $5.2M

191 Seabreeze Avenue

See Similar Deals
Land
Sold 01/18/2024
Barry DeNicola
Shawn Stuben
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Land
Transaction Type:Sale

191 Seabreeze Avenue in Naples, a land parcel spanning 0.33 acres, was sold for $5,200,000.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $5,200,000
  • Address: 191 Seabreeze Avenue
  • Market: Naples
  • Acres: 0.33

Barry DeNicola Realty Inc represented the buyer, while ScavoneLLC was represented by Shawn Stuben.

Players

Barry DeNicola
Barry DeNicola Realty
Barry DeNicola
3 deals$16.5M volume
BROKER
Shawn Stuben
Shawn Stuben
1 deal$5.2M volume(239) 398-8009
BROKER

Details

SOLD
IMAGE: Shawn Stuben & Barry DeNicola DATE: 01/18/2024 ADDRESS: 191 Seabreeze Avenue MARKET: Naples ASSET TYPE: Land ~ ACRES: 0.33 BUYER'S REP: Barry DeNicola - Barry DeNicola Realty Inc SELLER'S REP: Shawn Stuben - Scavone LLC SALE PRICE: $5,200,000 NOTE: 191 Seabreeze Avenue in Naples, a land parcel spanning 0.33 acres, was sold for $5,200,000. Barry DeNicola Realty Inc represented the buyer, while Scavone LLC was represented by Shawn Stuben.

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

$277,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83