WRC Development Sells Palm Beach Shores Condo For $2.05M With Buyer's Rep Vincent Spadea & Gloria Rodriguez
3100 North Ocean Drive
$2,050,000
$931/SF
Building Size
2,200 SF
Asset Type
Condo
Closing
Oct 16, 2023
About this deal
AI
The property involved in this transaction is a condominium located at 3100 North Ocean Drive 1804-P in Palm Beach Shores. The condo has a total area of 2,200 square feet and was sold for a price of $2,050,000, resulting in a price per square foot of $932.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,050,000
- Square Footage: 2,200
- Address: 3100 North Ocean Drive 1804-P
- Market: Palm Beach Shores
The seller of this property is WRC Development. The buyer's representatives in this deal were Vincent Spadea and Gloria Rodriguez from Douglas Elliman.
On the Map
$2,050,000
$931/SF
Condo
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Players
Riviera Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $931 per square foot on a published $2.1M for 2,200 square feet (2023).
Visit Vincent (Vince) Spadea to view all their deals.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93