Leland Ackerley Acquires Townhouse In Highland Beach For $8.3M
3621 South Ocean Boulevard, Highland Beach, Florida 33487, United States
$8,300,000
$1,509/SF
Building Size
5,500 SF
Asset Type
Other
Closing
Nov 1, 2022
About this deal
AI
A townhouse located at 3621 South Ocean Boulevard Unit 2 in Highland Beach has been sold for a total of $8,300,000. The property spans 5,500 square feet, resulting in a price per square foot of $1,509. The sale took place on November 2, 2022.
Summary of transaction details
- Property Type: Townhouse
- Transaction Amount: $8,300,000
- Address: 3621 South Ocean Boulevard Unit 2, Highland Beach
- Square Footage: 5,500
- Price Per Square Foot: $1,509
Leland Ackerley, represented by Suzanne Petrizzi of Corcoran, purchased the townhouse from Stuart Siegel. Ackerley was represented by Smith & Associates, while Siegel was represented by Catherine McGlennon of Engel & Völkers.
Players
Highland Beach Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
About $1.5K per square foot on a published $8.3M for 5,500 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93