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Susan De França Of Douglas Elliman Purchases $6.5M Condo From Noam Ziv In Boca Raton
SOLD
$6,500,000
Florida
See Similar DealsCondo4,265 SF
Sold 06/10/2025
SOLD
Susan De França Of Douglas Elliman Purchases $6.5M Condo From Noam Ziv In Boca Raton
200 Southeast Mizner Boulevard
See Similar DealsCondo4,265 SF
Sold 06/10/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,524
Total Square Footage:4,265 SF
Transaction Type:Sale
The transaction involves a condo located at 200 Southeast Mizner Boulevard Alina 220 in Boca Raton, which was sold for $6,500,000. The property encompasses an area of 4,265 square feet and is part of the final phase of the luxury Alina Residences, recently completed by the developer El-Ad National Properties.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,500,000
- Buyer: Susan de França - Douglas Elliman
- Seller: Noam Ziv - El-Ad National Properties
- Lender: J.P. Morgan
- Price per Square Foot: $1,524
This transaction highlights notable professionals in real estate, with Susan de França representing Douglas Elliman in the purchase. The firm had previously marketed the project for El-Ad National Properties, indicating a close relationship between the firm and the development's completion.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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