Kevin James Acquires Delray Beach SFR For $14M With Buyer's Rep Jack Elkins & Seller's Rep Nick Malinosky
344 N Ocean Blvd, Delray Beach, FL, USA
$14,000,000
$1,217/SF
Building Size
11,495 SF
Asset Type
Single Family Residence
Closing
Jan 28, 2021
AI
The property involved in this transaction is a single-family residence located at 344 N. Ocean Blvd in Delray Beach. The property spans approximately 11,495 square feet and was sold at a price of $14,000,000, resulting in a price per square foot of $1,218. The property was initially listed for $15,950,000.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $14,000,000
- Date: 01/29/2021
- Buyer: Kevin James (from Hitch 🎥)
- Buyer's Representative: Jack Elkins - William Raveis South Florida
- Seller's Representative: Nick Malinosky - Douglas Elliman
- Market: Delray Beach
The buyer in this transaction is Kevin James, known for his role in the movie "Hitch." Representing him as the buyer's representative is Jack Elkins from William Raveis South Florida. On the other side, Nick Malinosky from Douglas Elliman served as the seller's representative.
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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93