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
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.
Players
Riviera 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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93