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9948 Espresso Manor, Boca R...

Jacqueline B Spitz & Joel Lawrence Spitz Acquire Other Vacant Property In Boca Raton, FL For $2.1M
SOLDOther

Jacqueline B Spitz & Joel Lawrence Spitz Acquire Other Vacant Property In Boca Raton, FL For $2.1M

9948 Espresso Manor, Boca Raton, Florida 33446, United States

$2,105,639

Building Size

Asset Type

Other

Closing

Jun 28, 2022

AI

An Other Vacant property located at 9948 Espresso Mnr in Boca Raton, FL has recently been sold. The transaction took place on June 29, 2022, and the buyer of the property is Jacqueline B Spitz & Joel Lawrence Spitz. The seller of the property is Richard M. Norwalk. The sale price for the property was $2,105,639.

Summary of transaction details

  • Property Type: Other Vacant
  • Transaction Amount: $2,105,639
  • Address: 9948 Espresso Mnr, Boca Raton, FL
  • Buyer: Jacqueline B Spitz & Joel Lawrence Spitz
  • Seller: Richard M. Norwalk

This transaction showcases the collaborative effort between Jacqueline B Spitz & Joel Lawrence Spitz as the buyer and Richard M. Norwalk as the seller. It highlights their engagement in the real estate market and their decision to complete the transaction for the Other Vacant property at 9948 Espresso Mnr.

Players

Richard M. Norwalk

Seller

$92.3M

vol

13 deals

Seller

Boca Raton Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.53%

Cash-on-Cash

-2.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93