Mike & Rashmi Fansiwala Acquire Hallandale Beach Condo From Andrew & Amanda Argue For $2.75M
2000 South Ocean Drive
$2,750,000
$944/SF
Building Size
2,913 SF
Asset Type
Condo
Closing
Apr 4, 2025
AI
The property involved in this transaction is a condo located at 2000 South Ocean Drive Unit 10B in Hallandale Beach. The unit was sold for $2,750,000, encompassing a square footage of 2,913 and a price per square foot of $944.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,750,000
- Address: 2000 South Ocean Drive Unit 10B
- Market: Hallandale Beach
- Square Footage: 2,913
- Price Per Square Foot: $944
- Buyer: Mike & Rashmi Fansiwala
- Seller: Andrew & Amanda Argue
- Buyer’s Representative: Seth Semilof & Elinor Kadosh - HL Real Estate Group
- Seller’s Representative: Devin Kay - Douglas Elliman
The deal was facilitated by Seth Semilof and Elinor Kadosh representing the buyers, while Devin Kay represented the sellers in this transaction.
Players
Hallandale Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93