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10700 3rd Avenue

Diller Fisher Realtors Acquires Mixed-Use Property In Stone Harbor For $2.87M
SOLDMixed-use

Diller Fisher Realtors Acquires Mixed-Use Property In Stone Harbor For $2.87M

10700 3rd Avenue

$2,870,000

Building Size

Asset Type

Mixed-use

Closing

Aug 24, 2023

AI

A mixed-use property located at 10700 3rd Avenue in Stone Harbor has been sold for $2,870,000. The property offers a diverse range of uses and is situated in the desirable market of Stone Harbor.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,870,000
  • Address: 10700 3rd Avenue
  • Market: Stone Harbor

The buyer was represented by Stephan Frame from Diller Fisher Realtors, while Ronald Giordano from Long & Foster served as the seller's representative. Both parties played a pivotal role in the successful completion of the transaction.

Note: Diller Fisher Realtors represented the buyer, and Long & Foster represented the seller.

Players

Stephan Frame

Diller & Fisher Realtors

Broker

$32.4M

vol

9 deals

Broker

Stone Harbor 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

5.53%

Cash-on-Cash

-1.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93