Eli Weiss Of Joy Construction Sells 18-Acre Land In Margate Florida For $5,250,000
7590 West Atlantic Boulevard
$5,250,000
$6/SF
Building Size
784,080 SF
Asset Type
Land
Closing
Sep 15, 2026
About this deal
AI
18 acres of land located at 7590 West Atlantic Boulevard in Margate, Florida, has been sold for $5,250,000. This transaction reflects the dynamic nature of the real estate market in South Florida, particularly within the land asset category.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $5,250,000
- Address: 7590 West Atlantic Boulevard
- Market: Margate, FL
- Seller: Eli Weiss - Joy Construction
- Brokers: Joshua Slovin - Wolf Co Real Estate & Barrett Wolf - Wolf Commercial Real Estate
- Transaction Date: 09/15/2026
- Acres: 18
Wolf Co Real Estate represented both the buyer and seller in this transaction, showcasing their extensive market knowledge and strong relationships which facilitated a successful deal in the current high-interest-rate environment. The collaboration between brokers highlights their ability to connect the right parties in significant transactions.
Players
Margate Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93