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.
Players
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