Kathy L. Brock & Douglas P. Regan Acquire Land In Delray Beach For $5.45M
SOLD
$5,450,000
Florida
See Similar Deals14,810 SF
Sold 09/08/2021
SOLD
Kathy L. Brock & Douglas P. Regan Acquire Land In Delray Beach For $5.45M
1110 Waterway Ln, Delray Beach, FL, USA
See Similar Deals14,810 SF
Sold 09/08/2021
Summary
FLORIDA
Price Per Square Foot:$368
Total Square Footage:14,810 SF
Transaction Type:Sale
The land located at 1110 Waterway Ln in Delray Beach has been sold in a recent transaction. The sale took place on September 8, 2021. The property, with its waterfront location, offers potential for various development opportunities. The sale price for this land was $5,450,000.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $5,450,000
- Address: 1110 Waterway Ln, Delray Beach
- Market: Delray Beach
Kathy L. Brock and Douglas P. Regan were the buyers in this transaction, while Dominick Dimatteo Jr. was the seller. Both parties were represented by their respective agents.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$290,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,362.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,835.78
Annual Debt Service$310,029.37
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