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Kahn Jamie And Kahn Paul Acquire Other Vacant Property In Boca Raton For $2.3M

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SOLD
$2,338,205

Florida

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Sold 06/24/2022
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Property Image
SOLD

Kahn Jamie And Kahn Paul Acquire Other Vacant Property In Boca Raton For $2.3M

9771 Chianti Classico Terrace, Boca Raton, Florida 33446, United States

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Other
Sold 06/24/2022
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Summary

FLORIDA
Asset Type:Other
Transaction Type:Sale

The property involved in this closed transaction is an Other Vacant asset located at 9771 Chianti Classico Ter in Boca Raton, FL. The transaction took place on June 24, 2022. The property was sold by Richard M. Norwalk to the buyers Kahn Jamie and Kahn Paul for a price of $2,338,205.

Summary of transaction details

  • Property Type: Other Vacant
  • Transaction Amount: $2,338,205
  • Date: June 24, 2022
  • Address: 9771 Chianti Classico Ter, Boca Raton, FL
  • Buyer: Kahn Jamie; Kahn Paul
  • Seller: Richard M. Norwalk

The buyers in this transaction, Kahn Jamie and Kahn Paul, acquired the vacant property from Richard M. Norwalk. The deal closed on June 24, 2022, with a sale price of $2,338,205.

Players

13 deals$92.3M volume
SELLER

Details

SOLD
IMAGE: 06/24/2022 ADDRESS: 9771 Chianti Classico Ter MARKET: Boca Raton,FL ASSET TYPE: Other Vacant BUYER: Kahn Jamie; Kahn Paul SELLER: Richard M. Norwalk PRICE: $2,338,205

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

$124,704.26

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,307.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,084.28
Annual Debt Service$133,011.42