Matthew Bachrad & Danielle Stern Acquire Condo In Boca Raton For $2.4M
2800 South Ocean Boulevard, Boca Raton, Florida 33432, United States
$2,445,000
$1,139/SF
Building Size
2,145 SF
Asset Type
—
Closing
Apr 28, 2022
AI
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.
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Boca Raton 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
6.49%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93