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296 Ocean Blvd

Anil Sethi & Meenu Sethi Sell Single Family Residence At 296 Ocean Blvd For $7.3M
SOLDSingle Family Residence

Anil Sethi & Meenu Sethi Sell Single Family Residence At 296 Ocean Blvd For $7.3M

296 Ocean Blvd

$7,300,000

$1,248/SF

Building Size

5,846 SF

Asset Type

Single Family Residence

Closing

Apr 6, 2024

AI

This single-family residence located at 296 Ocean Blvd in the Golden Beach market has been sold for $7,300,000.00. The property encompasses a total of 5,846 square feet, highlighting its spacious living area suitable for potential buyers.

Summary of transaction details:

The transaction was facilitated by Eli Eskenazi and Alan Eskenazi, both representing Miles Goldstein Real Estate, underscoring the collaborative effort involved in the sale. The sellers, Anil Sethi and Meenu Sethi, concluded the deal on April 6, 2024.

Players

Alan Eskenazi

Miles Goldstein Real Estate

Broker

$246.8M

vol

39 deals

Broker

ANIL SETHI & MEENU SETHI

Seller
Seller

MEENU SETHI

Seller
Seller

Golden Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.17%

Cash-on-Cash

-0.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93