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
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