The Island Acquires Hallandale Beach Condo For $1.82M With Ingrid Andres & Greg Gringruz
1850 South Ocean Drive, Hallandale Beach, Florida 33009, United States
$1,825,000
$878/SF
Building Size
2,078 SF
Asset Type
—
Closing
Apr 3, 2022
AI
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.
Players
Hallandale Beach 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
8.69%
Cash-on-Cash
-2.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93