Jonathan Leibner Purchases Boca Raton Condo From Peter Frederixon For $2.615M
700s South Ocean Boulevard
$2,615,000
$1,088/SF
Building Size
2,402 SF
Asset Type
Condo
Closing
Mar 17, 2026
About this deal
AI
The transaction involved a waterfront condominium located at 700 South Ocean Boulevard Unit 501 in Boca Raton. The property was sold for a price of $2,615,000 and boasts a square footage of 2,402. This sale represents a significant transaction in the real estate market of Boca Raton.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,615,000
- Square Footage: 2,402
- Address: 700 South Ocean Boulevard Unit 501
- Market: Boca Raton
- Price Per Square Foot: $1,088
- Buyer: Jonathan Leibner
- Seller: Peter Frederixon
- Seller's Representative: Danielle Stern & Matthew M. Bachrad - William Raveis Real Estate
This sale was notable as it achieved the highest price ever recorded for the building. The seller's representatives, Danielle Stern and Matthew M. Bachrad, are recognized specialists in the luxury waterfront condominium market, servicing areas from Boca Raton to Palm Beach.
Players
Boca Raton Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.1K per square foot on a published $2.6M for 2,402 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.07%
Cash-on-Cash
-1.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93