Jonathan Postma Of Coldwell Banker Represents Buyer In Boca Raton Condo Sale For $13M
SOLD
$13,000,000
Florida
See Similar DealsCondo9,303 SF
Sold 03/21/2025
SOLD
Jonathan Postma Of Coldwell Banker Represents Buyer In Boca Raton Condo Sale For $13M
1000 South Ocean Boulevard
See Similar DealsCondo9,303 SF
Sold 03/21/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,397
Total Square Footage:9,303 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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