Mark Bellissimo Acquires Condo In Wellington From Neil Hirsch For $18M
SOLD
$18,000,000
Florida
See Similar Deals239,580 SF
Sold 06/02/2020
SOLD
Mark Bellissimo Acquires Condo In Wellington From Neil Hirsch For $18M
3410 S Shore Blvd, Wellington, FL, USA
See Similar Deals239,580 SF
Sold 06/02/2020
Summary
FLORIDA
Price Per Square Foot:$75
Total Square Footage:239,580 SF
Transaction Type:Sale
A condo in Wellington was recently sold for $18,000,000. The transaction took place on 06/02/2021. The condo is situated on 5.5 acres of land, resulting in a price per acre of approximately $3,272,727.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $18,000,000
- Market: Wellington
- Acres: 5.5
- Price Per Acre: $3,272,727
The buyer of the condo was Mark Bellissimo, while the seller was Neil Hirsch of the BlackWatch Polo Team.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$960,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20
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