facebook
Traded Co logo
Submit

Flex Seal Family Acquires Gulf Stream SFR For $20M

Property Image
SOLD
$20,000,000

Florida

See Similar Deals
Single Family Residence8,643 SF
Sold 08/28/2020
the dealplayerscompscontact
Property Image
SOLD

Flex Seal Family Acquires Gulf Stream SFR For $20M

1275 N Ocean Blvd

See Similar Deals
Single Family Residence8,643 SF
Sold 08/28/2020
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,314
Total Square Footage:8,643 SF
Transaction Type:Sale

Located in Gulf Stream, the property at 1275 North Ocean Boulevard was recently sold in a closed transaction. The single-family residence spans a total of 8,643 square feet, with a price per square foot of $2,314. The deal, which took place on 08/28/2020, involved a purchase price of $20,000,000.

Summary of transaction details

  • Property Type: Single-Family Residence
  • Transaction Amount: $20,000,000
  • Address: 1275 North Ocean Boulevard
  • Market: Gulf Stream
  • Square Footage: 8,643

Jeffrey E. Veatch, representing Apex Systems, served as the seller in this transaction. On the other side, the buyer was Phil Swift of the Flex Seal Family. Devin Kay and Nick Malinosky, from Douglas Realty, acted as the seller's representatives.

Players

Nicholas (Nick) Malinosky
20 deals$459.4M volume
BROKER

SELLER

Details

SOLD
IMAGE: IMAGE: Phil Swift, Jeffrey Veatch, Devin Kay, Nick Malinosky & Helen Barraza-Fried⁠ DATE: 08/28/2020⁠ ADDRESS: 1275 North Ocean Boulevard⁠ MARKET: Gulf Stream⁠ ASSET TYPE: SFR⁠ SELLER: Jeffrey E. Veatch – Apex Systems⁠ BUYER: Phil Swift – Flex Seal Family⁠ SELLER’S REP: Devin Kay & Nick Malinosky – Douglas […] PRICE: $20,000,000⁠ SF: 8,643⁠ PPSF: $2,314

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,066,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44