JN Family Trust Acquires Hallandale Beach Condo For $3.1M With Buyer's Rep Anthony Clemente & Seller's Rep Teda Melero
SOLD
$3,100,000
Florida
See Similar DealsCondo2,913 SF
Sold 03/09/2023
SOLD
JN Family Trust Acquires Hallandale Beach Condo For $3.1M With Buyer's Rep Anthony Clemente & Seller's Rep Teda Melero
2000 S Ocean Dr #11b Hallandale Beach, FL 33009, USA
See Similar DealsCondo2,913 SF
Sold 03/09/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,064
Total Square Footage:2,913 SF
Transaction Type:Sale
A condo located at 2000 S. Ocean Drive B in Hallandale Beach has been sold in a recent transaction. The property, spanning 2,913 square feet, was sold for a price of $3,100,000, resulting in a price per square foot of $1,064.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,100,000
- Square Footage: 2,913
- Address: 2000 S. Ocean Drive B
- Market: Hallandale Beach
The buyer of the condo is J N Family Trust, while the seller is KAR Properties. Anthony Clemente from Privé Luxury Realty represented the buyer, whereas Teda Melero from Fortune International Realty represented the seller in this transaction.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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