Alexandre Dias & John M Gibbons Acquire Condo In Pompano Beach,FL For $3.45M
1700 South Ocean Boulevard, Pompano Beach, Florida 33062, United States
$3,450,000
Building Size
—
Asset Type
—
Closing
Mar 22, 2022
About this deal
AI
A condominium located at 1700 S Ocean Blvd in Pompano Beach, FL has been sold for a price of $3,450,000. The property is a condo unit.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,450,000
The buyers of the property are Alexandre Dias and John M Gibbons. The sellers of the property are Gail E Gilman and David Gilman.
The commercial sale at 1700 South Ocean Boulevard, Pompano Beach, Florida 33062, United States in Pompano Beach, Florida sold for $3.5M in 2022. This page is the Pompano Beach, Florida file for the 1700 South Ocean Boulevard, Pompano Beach, Florida 33062, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Pompano Beach sit in the Market section below. Filter that Pompano Beach commercial set by closing date to see what else sold near 1700 South Ocean Boulevard, Pompano Beach, Florida 33062, United States around 2022. Published consideration for 1700 South Ocean Boulevard, Pompano Beach, Florida 33062, United States is $3.5M, dated 2022. Cite this Alexandre Dias & John M Gibbons Acquire Condo In Pompano Beach,FL For $3.45M sale when underwriting similar commercial product around Pompano Beach, Florida.
Players
Pompano Beach CRE Market Snapshot
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93