Keith Meyers Sells Singer Island, FL Condo For $5.8M With Chris Leavitt & Ryan Serhant
5000 North Ocean Drive, Singer Island, Riviera Beach, Florida, USA
$5,800,000
$1,546/SF
Building Size
3,750 SF
Asset Type
—
Closing
Jul 20, 2020
About this deal
AI
Located in Singer Island, FL, this condominium at 5000 N Ocean Drive was recently sold in a closed transaction. The property features a total area of 3,750 square feet and is classified as a condo. The sale took place on July 20, 2021, with a selling price of $5,800,000. The price per square foot for this transaction came to $1,547.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $5,800,000
- Square Footage: 3,750 square feet
- Address: 5000 N Ocean Drive, Singer Island, FL
The seller of this property was Keith Meyers. Representing the seller were Chris Leavitt from Douglas Elliman and Ryan Serhant from ERHANT. They played a significant role in facilitating the transaction and ensuring a successful sale. This successful collaboration between the seller and their brokers led to the sale of this impressive condominium in Singer Island, FL.
Players
Riviera Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $1.5K per square foot on a published $5.8M for 3,750 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93