David Fanaroff Purchases Condo In Delray Beach For $2.46M With Jonathan Phillips As Representative
200 Northeast 7th Avenue
$2,460,000
$984/SF
Building Size
2,500 SF
Asset Type
Condo
Closing
Feb 18, 2026
About this deal
AI
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.
On the Map
$2,460,000
$984/SF
Condo
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Delray Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $984 per square foot on a published $2.5M for 2,500 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.45%
Cash-on-Cash
-1.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93