Conway B Van Der Wolk & Peter W Van Der Wolk Acquire Delray Beach Townhouse For $2.2M
1236 Pelican Lane, Delray Beach, Florida 33483, United States
$2,200,000
$625/SF
Building Size
3,519 SF
Asset Type
Retail
Closing
Aug 17, 2022
About this deal
AI
A townhouse/rowhouse located at 1236 Pelican Ln in Delray Beach, FL was recently sold in a closed property transaction. The property spans 3,519 square feet and was sold for a price of $2,200,000, resulting in a price per square foot of $625.
Summary of transaction details
- Property Type: Townhouse/Rowhouse
- Transaction Amount: $2,200,000
- Market: Delray Beach, FL
- Buyer: Conway B Van Der Wolk & Peter W Van Der Wolk
- Seller: David L Hollenbeck, Drew H Hollenbeck & Douglas W Hollenbeck
The buyers involved in this transaction are Conway B Van Der Wolk and Peter W Van Der Wolk. The sellers, on the other hand, are David L Hollenbeck, Drew H Hollenbeck, and Douglas W Hollenbeck.
Players
Delray Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93