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:
- Property Type: Single Family Residence
- Transaction Amount: $7,300,000.00
- Address: 296 Ocean Blvd
- Market: Golden Beach
- Square Footage: 5,846
- Seller: Anil Sethi & Meenu Sethi
- Brokers: Eli Eskenazi (Miles Goldstein Real Estate), Alan Eskenazi (Miles Goldstein Real Estate)
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
Golden Beach 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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93