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
About this deal
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.
On the Map
$2,750,000
$944/SF
Condo
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Players
Hallandale Beach Condo Market Snapshot
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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