Erin Omiatek & Zina Cortese Of One Sotheby’s International Realty Facilitate Boca Raton Condo Sale For $7.75M
SOLD
Florida
See Similar DealsCondo4,747 SF
Sold 01/13/2025
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 DealsCondo4,747 SF
Sold 01/13/2025
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.
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Deal Type
30 years
10 years
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
Annual Debt Service$440,867.45
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