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Phillips Jay And Phillips Shoreh Hemmati Acquire Other Vacant Property In Boca Raton, FL For $2.1M

Property Image
SOLD
$2,124,279

Florida

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Other
Sold 06/29/2022
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Property Image
SOLD

Phillips Jay And Phillips Shoreh Hemmati Acquire Other Vacant Property In Boca Raton, FL For $2.1M

9667 Chianti Classico Terrace, Boca Raton, Florida 33446, United States

See Similar Deals
Other
Sold 06/29/2022
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Other
Transaction Type:Sale

The property asset involved in this transaction is an Other Vacant property located at 9667 Chianti Classico Ter in Boca Raton, FL. The property was sold on June 29, 2022.

Summary of transaction details

  • Property Type: Other Vacant
  • Transaction Amount: $2,124,279

The buyer of the property is Phillips Jay and Phillips Shoreh Hemmati. The seller is Richard M. Norwalk.

Players

RN
Richard M. Norwalk
13 deals$92.3M volume
SELLER

Details

SOLD
IMAGE: 06/29/2022 ADDRESS: 9667 Chianti Classico Ter MARKET: Boca Raton,FL ASSET TYPE: Other Vacant BUYER: Phillips Jay, Phillips Shoreh Hemmati SELLER: Richard M. Norwalk PRICE: $2,124,279

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

$113,294.89

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,547.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,070.17
Annual Debt Service$120,841.99