Jonathan Postma Of Coldwell Banker Represents Buyer In Boca Raton Condo Sale For $13M
1000 South Ocean Boulevard
$13,000,000
$1,397/SF
Building Size
9,303 SF
Asset Type
Condo
Closing
Mar 20, 2025
AI
A condo located at 1000 South Ocean Boulevard Unit 701 in Boca Raton has been sold for $13,000,000. The property encompasses a total area of 9,303 square feet, equating to a price per square foot of $1,397.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $13,000,000
- Square Footage: 9,303
- Price Per Square Foot: $1,397
- Buyer’s Representative: Jonathan Postma - Coldwell Banker
- Sale Date: 3/21/2025
- Market: Boca Raton
The transaction was facilitated by Jonathan Postma, representing the buyer. Coldwell Banker acted on behalf of the buyer throughout the deal, ensuring a smooth completion of the sale.
Boca Raton Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93