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Matthew Bachrad & Danielle Stern Acquire Condo In Boca Raton For $2.4M

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SOLD
$2,445,000

Florida

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2,145 SF
Sold 04/29/2022
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Property Image
SOLD

Matthew Bachrad & Danielle Stern Acquire Condo In Boca Raton For $2.4M

2800 South Ocean Boulevard, Boca Raton, Florida 33432, United States

See Similar Deals
2,145 SF
Sold 04/29/2022
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Summary

FLORIDA
Price Per Square Foot:$1,139
Total Square Footage:2,145 SF
Transaction Type:Sale

The recently closed property transaction in Boca Raton involved a condominium located at 2800 S Ocean Blvd 3-G. This condo, with a total area of 2,145 square feet, was sold for a price of $2,445,000, resulting in a price per square foot of $1,140. The property is situated in a desirable location in Boca Raton's market.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $2,445,000
  • Address: 2800 S Ocean Blvd 3-G
  • Market: Boca Raton

In this transaction, the buyer was represented by Matthew Bachrad & Danielle Stern from Your Luxury Listing. On the other hand, Kate Fontenot from Coldwell Banker acted as the seller's representative.

It is worth noting that the sale price of $2,445,000 reflects a price per square foot of $1,140 for the 2,145 square feet of living space in the condo.

Players

Kate Fontenot
2 deals$4.6M volume
BROKER

Matthew M. Bachrad
William Raveis Real Estate
13 deals$51.4M volume
BROKER

Danielle Stern
William Raveis Real Estate
12 deals$49.9M volume
BROKER

Details

SOLD
IMAGE: Matthew Bachrad & Danielle Stern DATE: 04/29/2022 ADDRESS: 2800 S Ocean Blvd 3-G MARKET: Boca Raton ASSET TYPE: Condo BUYER'S REP: Matthew Bachrad (@MatthewBachrad) & Danielle Stern - Your Luxury Listing (@YourLuxuryListing) SELLER'S REP: Kate Fontenot (@Kate_Fontenot) - Coldwell Banker (@ColdwellBanker) SALE PRICE: $2,445,000 SF: 2,145 ~ PPSF: $1,140

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,686.58
Cash-on-Cash Return-1.27%
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