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Salvatore & Karen Calvino Acquires Boca Raton SFR For $7M

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SOLD
$7,000,000

Florida

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Single Family Residence120,000 SF
Sold 08/17/2020
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SOLD

Salvatore & Karen Calvino Acquires Boca Raton SFR For $7M

2989 Spanish River Rd, Boca Raton, FL 33432, USA

See Similar Deals
Single Family Residence120,000 SF
Sold 08/17/2020
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$58
Total Square Footage:120,000 SF
Transaction Type:Sale

The property at 2989 Spanish River Road in Boca Raton was recently sold for $7,000,000. This single-family residential (SFR) property spans 12,000 square feet, resulting in a price per square foot of $583. The transaction took place on August 17, 2020, and the seller was Hillsboro South LLC. The buyers, Salvatore and Karen Calvino, acquired the property with the assistance of Joseph Liguori and Gerard Liguori from Premier Estate Properties.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $7,000,000
  • Square Footage: 12,000
  • Price per Square Foot: $583
  • Address: 2989 Spanish River Road, Boca Raton
  • Market: Boca Raton

The involvement of Salvatore and Karen Calvino as buyers in this transaction showcases their interest in investing in real estate. Premier Estate Properties' brokers, Joseph Liguori and Gerard Liguori, played a crucial role in representing the buyers, ensuring a successful deal for all parties involved.

Players

Gerard Liguori
10 deals$193.3M volume
BROKER

Joseph Liguori
Premier Estate Properties
16 deals$315.6M volume
BROKER

Details

SOLD
IMAGE: Salvatore Calvino, Joseph Liguori, & Gerard Liguori⁠ DATE: 08/17/2020⁠ ADDRESS: 2989 Spanish River Road⁠ MARKET: Boca Raton⁠ ASSET TYPE: SFR⁠ PRICE: $7,000,000⁠ SF: 12,000⁠ PPSF: $583⁠ SELLER: Hillsboro South LLC⁠ BUYER: Salvatore & Karen Calvino⁠ BROKERS: Joseph Liguori & Gerard Liguori – Premier Estate Properties⁠

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$373,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85