Updated Oct 29, 2024
Flex Seal Family Acquires Gulf Stream SFR For $20M
1275 N Ocean Blvd
$20,000,000
$2,314/SF
Building Size
8,643 SF
Asset Type
Single Family Residence
Closing
Aug 27, 2020
About this deal
AI
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
Boca Raton Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
About $2.3K per square foot on a published $20M for 8,643 square feet (2020).
Visit Nicholas (Nick) Malinosky to view all their deals.
Browse Boca Raton single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93