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SJS LLC Purchases Land In Riviera Beach From Christina Ribaudo And John Staluppi For $12M
SOLD
$12,000,000
Florida
See Similar DealsLand186,720 SF
Sold 03/19/2025
SOLD
SJS LLC Purchases Land In Riviera Beach From Christina Ribaudo And John Staluppi For $12M
68 West 11th Street
See Similar DealsLand186,720 SF
Sold 03/19/2025
Summary
FLORIDA
Asset Type:Land
Price Per Square Foot:$64
Total Square Footage:186,720 SF
Transaction Type:Sale
This transaction involved a land asset located at 68 West 11th Street in the Riviera Beach market. The sale occurred at a price of $12,000,000.00 for a total area of 186,720 square feet.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $12,000,000.00
- Address: 68 West 11th Street
- Market: Riviera Beach
- Square Footage: 186720.0
- Buyer: SJS LLC
- Seller: Christina Ribaudo & John Staluppi - JS 12 Real Estate Holdings, LLC
- Brokers: Chip Armstrong - The Keyes Company, Liz Nunes - Illustrated Properties Real Estate
Chip Armstrong represented the buyer, SJS LLC, and Liz Nunes represented the seller, Christina Ribaudo & John Staluppi - JS 12 Real Estate Holdings, LLC, in this transaction, facilitating the sale process for their respective clients.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$640,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47
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