Dragos Sprinceana Acquires Other Vacant Property In Delray Beach For $2.2M
15445 State Road 7, Delray Beach, Florida 33063, United States
$2,200,000
Building Size
—
Asset Type
Other
Closing
Mar 23, 2022
About this deal
AI
The vacant property located at 15445 S State Road 7 in Delray Beach, FL has been sold in a recent transaction. The sale took place on March 24, 2022, with Dragos Sprinceana acquiring the property for a total price of $2,200,000 from Jay Schwedelson.
Summary of transaction details
- Property Type: Other Vacant
- Transaction Amount: $2,200,000
- Address: 15445 S State Road 7, Delray Beach, FL
- Market: Delray Beach, FL
This successful transaction highlights the involvement of Dragos Sprinceana as the buyer and Jay Schwedelson as the seller. Both parties played pivotal roles in the closure of this deal.
Players
Delray Beach Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93