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
About this deal
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.
On the Map
$2,105,639
Other
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Boca Raton Other Market Snapshot
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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