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Erin Omiatek & Zina Cortese Of One Sotheby’s International Realty Facilitate Boca Raton Condo Sale For $7.75M

Property Image
SOLD
$7,750,000

Florida

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Condo4,747 SF
Sold 01/13/2025
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Property Image
SOLD

Erin Omiatek & Zina Cortese Of One Sotheby’s International Realty Facilitate Boca Raton Condo Sale For $7.75M

800 South Ocean Boulevard

See Similar Deals
Condo4,747 SF
Sold 01/13/2025
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,632
Total Square Footage:4,747 SF
Transaction Type:Sale

The property involved in the transaction is a condo located at 800 South Ocean Boulevard, Boca Raton. It has a sale price of $7,750,000 and encompasses a total square footage of 4,747, resulting in a price per square foot of $1,632.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $7,750,000
  • Square Footage: 4,747
  • Price per Square Foot: $1,632
  • Address: 800 South Ocean Boulevard
  • Market: Boca Raton

The deal was represented by Erin Omiatek and Zina Cortese from One Sotheby’s International Realty. These individuals facilitated the transaction, contributing to the successful sale of the property.

Players

Erin Omiatek
3 deals$20.8M volume
BROKER

Zina Cortese
One Sotheby’s International Realty
1 deal$7.8M volume(561) 757-1425
BROKER

Details

SOLD
IMAGE: Zina Cortese & Erin Omiatek DATE: 01/13/2025 ADDRESS: 800 South Ocean Boulevard MARKET: Boca Raton ASSET TYPE: Condo BROKER: Erin Omiatek (@Barbiesellsthebeach_) & Zina Cortese (@ZinaCortese) - One Sotheby’s International Realty (@ONESir) SALE PRICE: $7,750,000 SF: 4,747 ~ PPSF: $1,632

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

$413,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,534.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,738.95
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