Marcus & Millichap Sells Mixed-Use Property In Bay Harbor Islands For $7.6M
1045 Kane Concourse, Bay Harbor Islands, FL, USA
$7,600,000
$539/SF
Building Size
14,094 SF
Asset Type
Mixed-use
Closing
Sep 27, 2021
About this deal
AI
A mixed-use property located at 1045-1055 Kane Concourse in Bay Harbor Islands has been sold for a total of $7,600,000. The transaction, which took place on September 27, 2021, involved 16 units with a price per unit (PPU) of $475,000. The property spans across 14,094 square feet, giving it a price per square foot (PPSF) of $539.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $7,600,000
- Units: 16
- Price per Unit (PPU): $475,000
- Square Footage: 14,094
- Price per Square Foot (PPSF): $539
The sale was facilitated by Alex D. Zylberglait of Marcus & Millichap acting as the broker for the transaction.
Bay Harbor Islands Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93