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1000 South Ocean Boulevard

Jonathan Postma Of Coldwell Banker Represents Buyer In Boca Raton Condo Sale For $13M
SOLDCondo

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.

Players

Jonathan Postma

Coldwell Banker

Broker

$334.3M

vol

15 deals

Broker

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