Updated Dec 21, 2023
Ross Berman & Jessica Berman Acquire SFR In Boca Raton For $9M
1720 Thatch Palm Drive, Boca Raton, FL 33432
$9,000,000
$1,165/SF
Building Size
7,721 SF
Asset Type
Single Family Residence
Closing
Oct 29, 2021
About this deal
AI
The SFR located at 1720 Thatch Palm Drive in Boca Raton has been sold. The property features 7,721 square feet of living space and is situated in the Boca Raton market. The transaction took place on 10/29/2021.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $9,000,000
- Address: 1720 Thatch Palm Drive, Boca Raton
- Market: Boca Raton
- Buyer: Ross Berman & Jessica Berman
- Seller: Barry B. Meyers
- Broker: Devin Kay - Douglas Elliman
- Asking Price: $9,750,000
- Square Footage: 7,721
- Price per Square Foot: $1,166
Ross Berman and Jessica Berman were the buyers in the transaction, while Barry B. Meyers was the seller. The deal was facilitated by Devin Kay from Douglas Elliman.
Players
Boca Raton Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93