Jennifer Goldstein & Bonnie Heatzig Acquire $8.25M Condo On South Ocean Blvd, Boca Raton
SOLD
$8,250,000
California
See Similar DealsCondo4,200 SF
Sold 01/19/2024
SOLD
Jennifer Goldstein & Bonnie Heatzig Acquire $8.25M Condo On South Ocean Blvd, Boca Raton
725 South Ocean Boulevard
See Similar DealsCondo4,200 SF
Sold 01/19/2024
Summary
CALIFORNIA
Asset Type:Condo
Price Per Square Foot:$1,964
Total Square Footage:4,200 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$439,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,310.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,109.21
Annual Debt Service$469,310.51
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