David Fanaroff Purchases Condo In Delray Beach For $2.46M With Jonathan Phillips As Representative
SOLD
$2,460,000
Florida
See Similar DealsCondo2,500 SF
Sold
SOLD
David Fanaroff Purchases Condo In Delray Beach For $2.46M With Jonathan Phillips As Representative
200 Northeast 7th Avenue
See Similar DealsCondo2,500 SF
Sold
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$984
Total Square Footage:2500 SF
Transaction Type:Sale
The property asset involved in this transaction is a condo located at 200 Northeast 7th Avenue Unit 3 in Delray Beach. This condo has a sale price of $2,460,000 with a total square footage of 2,500, resulting in a price per square foot of $984.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,460,000
- Square Footage: 2,500
- Price Per Square Foot: $984
- Buyer: David Fanaroff
- Buyer & Seller's Representative: Jonathan Phillips - JM Phillips Group
- Transaction Date: 02/18/2026
- Market: Delray Beach
Jonathan Phillips represents both the buyer, David Fanaroff, and the seller in this transaction, facilitating the deal through JM Phillips Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$131,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,739.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,661.66
Annual Debt Service$139,939.86
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