Stephen Gott Acquires Condo In Satellite Beach, Melbourne For $1.54M
2195 Florida A1A, Satellite Beach, FL 32937
$1,540,000
$574/SF
Building Size
2,682 SF
Asset Type
—
Closing
Jun 1, 2022
About this deal
AI
Located at 2195 Florida A1A in Satellite Beach, Melbourne, this recently sold condo is a coveted piece of property. With a total area of 2,682 square feet, the condo offers ample space for comfortable living. The sale was facilitated by Ryan Lezzer, a representative from Carroll Group at Compass FL, who represented the buyer, Stephen Gott, in the transaction. The seller, Jose Nelappana, agreed to sell the condo to Gott for a price of $1,540,000, resulting in a price per square foot of $574.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,540,000
- Address: 2195 Florida A1A, Satellite Beach, Melbourne
- Market: Satellite Beach, Melbourne
- Buyer: Stephen Gott
- Seller: Jose Nelappana
Ryan Lezzer, from Carroll Group at Compass FL, played a crucial role as the buyer's representative in this deal, ensuring a smooth transaction for all parties involved.
Players
Satellite Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $574 per square foot on a published $1.5M for 2,682 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.30%
Cash-on-Cash
-2.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93