The Island Acquires Hallandale Beach Condo For $1.82M With Ingrid Andres & Greg Gringruz
SOLD
$1,825,000
Florida
See Similar Deals2,078 SF
Sold 04/04/2022
SOLD
The Island Acquires Hallandale Beach Condo For $1.82M With Ingrid Andres & Greg Gringruz
1850 South Ocean Drive, Hallandale Beach, Florida 33009, United States
See Similar Deals2,078 SF
Sold 04/04/2022
Summary
FLORIDA
Price Per Square Foot:$878
Total Square Footage:2,078 SF
Transaction Type:Sale
1850 S Ocean Dr in Hallandale Beach is a Condo that was recently sold. The sale took place on 04/04/2022 and the property was purchased for $1,825,000. The condo spans 2,078 square feet and the price per square foot is $878.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,825,000
- Address: 1850 S Ocean Dr, Hallandale Beach
- Date: 04/04/2022
- Buyer's Representative: Greg Gringruz & Ingrid Andres - The Island - Your Real Estate Company
- Seller's Representative: Steven Pesso - United Realty Group
The buyer was represented by Greg Gringruz & Ingrid Andres from The Island - Your Real Estate Company, while the seller was represented by Steven Pesso from United Realty Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$97,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,483.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,651.43
Annual Debt Service$103,817.17
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