Gen II Fund Services Acquires Condo In Boca Raton For $5.75M
1000 South Ocean Boulevard, Boca Raton, FL, USA
$5,750,000
$1,126/SF
Building Size
5,106 SF
Asset Type
—
Closing
Feb 1, 2021
About this deal
AI
The property involved in this closed transaction is a condo located at 1000 South Ocean Boulevard Unit 101 in Boca Raton. The condo spans a total area of 5,106 square feet. The transaction took place on February 2, 2021.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $5,750,000
- Price per Square Foot: $1,126
- Market: Boca Raton
Beth Millner and Steven Millner of Gen II Fund Services, LLC acquired the condo from the seller, Dianne C. Dalstein. The transaction was facilitated by brokers Senada Adzem and Eyal Golan of Douglas Elliman.
Players
Boca Raton CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93