Keith E. Rowling Of Merrill Lynch Acquires Delray Beach SFR For $8M
2985 N Ocean Blvd, Delray Beach, FL 33483, USA
$8,000,000
$133/SF
Building Size
60,000 SF
Asset Type
Single Family Residence
Closing
Aug 30, 2020
AI
The property located at 2985 North Ocean Boulevard in Delray Beach has been sold for $8,000,000. This single-family residence (SFR) spans 6,000 square feet and was sold at a price of $1,333 per square foot.
Summary of Transaction Details
- Property Type: SFR
- Transaction Amount: $8,000,000
- Square Footage: 6,000
- Price per Square Foot: $1,333
- Address: 2985 North Ocean Boulevard, Delray Beach
- Market: Delray Beach
The sellers of the property were Marjorie and John L. McGraw. The buyer, Keith E. Rowling, represented Merrill Lynch in the transaction. The brokers involved in this deal were Cole and Betty Devitt of The Corcoran Group.
Players
Delray 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93