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725 South Ocean Boulevard

Jennifer Goldstein & Bonnie Heatzig Acquire $8.25M Condo On South Ocean Blvd, Boca Raton
SOLDCondo

Jennifer Goldstein & Bonnie Heatzig Acquire $8.25M Condo On South Ocean Blvd, Boca Raton

725 South Ocean Boulevard

$8,250,000

$1,964/SF

Building Size

4,200 SF

Asset Type

Condo

Closing

Jan 19, 2024

AI

A condo at 725 South Ocean Boulevard in Boca Raton has been sold for $8,250,000. With a size of 4,200 square feet, the price per square foot comes to $1,964.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $8,250,000
  • SF: 4,200
  • PPSF: $1,964
  • Address: 725 South Ocean Boulevard
  • Market: Boca Raton

The deal was facilitated by Jennifer Goldstein of Official and Bonnie Heatzig of Douglas Elliman.

Players

Jennifer Goldstein

Douglas Elliman

Broker

$161.2M

vol

33 deals

Broker

Imperial Beach Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.92%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93