Sherry Millar & Lawrence A. Sala Purchase Gulf Stream Condo For $6M
4001 North Ocean Boulevard, Gulf Stream, FL, USA
$6,000,000
$1,809/SF
Building Size
3,316 SF
Asset Type
—
Closing
Jul 12, 2021
About this deal
AI
A condominium located at 4001 North Ocean Boulevard in Gulf Stream has been sold for $6,000,000. The property spans 3,316 square feet, resulting in a price per square foot of $1,809. The transaction took place on July 13, 2021.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $6,000,000
- Address: 4001 North Ocean Boulevard, Gulf Stream
- Square Footage: 3,316
- Price per Square Foot: $1,809
Sherry Millar and Lawrence A. Sala acquired the condo from Elizabeth H. Weatherman. Jeremy Olsher from Mizner Residential Realty represented the buyers, while Kolter Tower Realty acted as the seller's representative.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93