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450 Ocean Drive

Richard Sajiun Acquires Juno Beach Condo For $1.75M - Geva Bar & Kimiko Deguchi Represented The Buyer And Seller
SOLDCondo

Richard Sajiun Acquires Juno Beach Condo For $1.75M - Geva Bar & Kimiko Deguchi Represented The Buyer And Seller

450 Ocean Drive

$1,750,000

$1,250/SF

Building Size

1,400 SF

Asset Type

Condo

Closing

Aug 4, 2022

AI

The 1,400 square foot condo located at 450 Ocean Dr apt 905 in Juno Beach has been sold for a price of $1,750,000. The property was purchased by Richard Sajiun from the seller, Steven E. Garshell. The sale was facilitated by Kimiko Deguchi from ONE Sotheby's International Realty, who represented the buyer, and Geva Bar, also from ONE Sotheby's International Realty, who represented the seller. The sale price per square foot for the condo was $1,250.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $1,750,000
  • Address: 450 Ocean Dr apt 905, Juno Beach
  • Market: Juno Beach
  • Buyer: Richard Sajiun
  • Seller: Steven E. Garshell
  • Buyer's Representative: Kimiko Deguchi - ONE Sotheby's International Realty
  • Seller's Representative: Geva Bar - ONE Sotheby's International Realty

The transaction involved the buyer, Richard Sajiun, and the seller, Steven E. Garshell. Kimiko Deguchi from ONE Sotheby's International Realty represented the buyer, while Geva Bar, also from ONE Sotheby's International Realty, represented the seller. This successful sale underscores the expertise and professionalism of these experienced real estate professionals.

Players

Geva Bar

Compass

Broker

$25.3M

vol

5 deals

Broker

Juno 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

9.06%

Cash-on-Cash

-2.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93