Mike & Rashmi Fansiwala Acquire Hallandale Beach Condo From Andrew & Amanda Argue For $2.75M
SOLD
$2,750,000
Florida
See Similar DealsCondo2,913 SF
Sold 04/04/2025
SOLD
Mike & Rashmi Fansiwala Acquire Hallandale Beach Condo From Andrew & Amanda Argue For $2.75M
2000 South Ocean Drive
See Similar DealsCondo2,913 SF
Sold 04/04/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$944
Total Square Footage:2,913 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$146,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84
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