El-Ad doubles up in North Bay Village, pays $19M for second dev site
El-Ad Properties upped the ante on its North Bay Village bet, buying a second development site in the waterfront city for $19 million. An affiliate of Boca Raton-based El-Ad, led by Isaac Sharon Tshuva and Orly Daniell, acquired an 11,200-square-foot lot at 7922 East Drive and two contiguous lots totalling 22,400 square feet at 7923 and 7925 East Drive, records and real estate database Vizzda show. El-Ad also assumed a $4.5 million mortgage with a 2028 maturity date. El-Ad paid more than double the sale price from three years ago. The seller, an entity managed by Luis Navas in Fort […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Midcentury Carmel Valley Time Capsule Lists for the First Time in 55 Years for $2.4 Million
Couple Turns Dilapidated $130K Catskills Cabin Into a ‘Joyful’ $1 Million Scandinavian-Inspired Woodland Retreat
Historic $12 Million Private Island That Can Only Be Reached by Air or Boat Hits the Market for the First Time in 150 Years
‘I Learned What It Really Takes to Build a Tiny Home—and the Biggest Problems Aren’t What You’d Expect’
Land bank for America’s largest homebuilder buys Florida City acreage
Will the negative jobs report hold off a September rate hike?
Jeffrey Soffer put “unrelenting pressure” on city to push through condo towers in Turnberry Isle, lawsuit says
Flock Cameras Spur Privacy Debate as Dozens of Cities Pull Plug on the Tech
‘Once-in-a-Generation’ Cape Cod Estate Could Become Most Expensive Home Ever Sold in Idyllic Massachusetts Enclave
City Council Member Is Accused of Blocking New Housing by Demanding $5 Million for Small Strip of Land
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131