Updated Dec 4, 2024
Charlene Goldstein Acquires Multifamily Property On Spanish Trail In Delray Beach For $2.1M
2312 Spanish Trail
$2,100,000
$729/SF
Building Size
2,880 SF
Asset Type
MultiFamily
Closing
Dec 15, 2023
About this deal
AI
The multifamily property located at 2312 Spanish Trail in Delray Beach has been sold in a recent transaction. The property consists of 3 units with a total square footage of 2,880. The sale price for this transaction was $2,100,000, resulting in a price per unit of $700,000 and a price per square foot of $729.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Units: 3
- Price per Unit: $700,000
- Square Footage: 2,880
- Price per Square Foot: $729
- Address: 2312 Spanish Trail, Delray Beach
The buyer in this transaction was Charlene Goldstein, while Jason Zimmerman acted as the seller. Aaron Oken from The Oken Group at Signature International Premier Properties represented Charlene Goldstein as her broker on this deal.
Delray Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93