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

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SOLD
$2,100,000

Florida

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MultiFamily2,880 SF
Sold 12/15/2023
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Property Image
SOLD

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

2312 Spanish Trail

See Similar Deals
MultiFamily2,880 SF
Sold 12/15/2023
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$729
Total Square Footage:2,880 SF
Transaction Type:Sale

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
4 deals$18.3M volume(561) 613-5161
BROKER

Details

SOLD
IMAGE: Aaron Oken DATE: 12/15/2023 ADDRESS: 2312 Spanish Trail MARKET: Delray Beach ASSET TYPE: Multifamily BUYER: Charlene Goldstein SELLER: Jason Zimmerman BUYER'S REP: Aaron Oken (@AaronOken) - The Oken Group (@TheOkenGroup) - Signature International Premier Properties SALE PRICE: $2,100,000 UNITS: 3 ~ PPU: $700,000 SF: 2,880 ~ PPSF: $729

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

$112,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86