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2312 Spanish Trail

Updated Dec 4, 2024

Charlene Goldstein Acquires Multifamily Property On Spanish Trail In Delray Beach For $2.1M
SOLDMultiFamily

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.

Players

Aaron Oken

Signature International Premier Properties

Broker

$18.3M

vol

4 deals

Broker

Delray Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $729 per square foot on a published $2.1M for 2,880 square feet (2023).

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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

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