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Vickie Arcuri Of Coldwell Banker Represents Sale Of Condo In Riviera Beach For $4.3M

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SOLD
$4,300,000

Florida

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Condo3,605 SF
Sold 09/10/2024
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SOLD

Vickie Arcuri Of Coldwell Banker Represents Sale Of Condo In Riviera Beach For $4.3M

2700 North Ocean Drive

See Similar Deals
Condo3,605 SF
Sold 09/10/2024
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,192
Total Square Footage:3,605 SF
Transaction Type:Sale

The condo located at 2700 North Ocean Drive Unit 1901A in Riviera Beach has an asking price of $4,550,000 and was sold for $4,300,000. The property covers an area of 3,605 square feet, resulting in a price per square foot of $1,192. It features a spacious 3-Bedroom + Den floor plan, large balconies, a private elevator entry, and offers beautiful views of the Ocean and Intracoastal.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $4,300,000
  • Address: 2700 North Ocean Drive Unit 1901A
  • Market: Riviera Beach
  • Square Footage: 3,605
  • Price per Square Foot: $1,192
  • Broker: Vickie Arcuri - Coldwell Banker

The deal was represented by Vickie Arcuri from Coldwell Banker. The property is situated in a prime location on the Beach at The Ritz-Carlton Residences in Singer Island, enhancing its appeal in the market.

Players

Vickie Arcuri
9 deals$39.9M volume(954) 708-9309
BROKER

Details

SOLD
IMAGE: Vickie Arcuri DATE: 09/10/2024 ADDRESS: 2700 North Ocean Drive Unit 1901A MARKET: Riviera Beach ASSET TYPE: Condo BROKER: Vickie Arcuri (@Vickierealestate) - Coldwell Banker (@ColdwellBanker) ASKING PRICE: $4,550,000 SALE PRICE: $4,300,000 SF: 3,605 ~ PPSF: $1,192 NOTE FROM BROKER: This lovely Condo has a prime location on the Beach at The Ritz-Carlton Residences in Singer Island, with a spacious 3-Bedroom + Den floor plan, large Balconies, private Elevator entry and beautiful views of the Ocean and Intracoastal.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$229,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33