Kevin James Acquires Delray Beach SFR For $14M With Buyer's Rep Jack Elkins & Seller's Rep Nick Malinosky
SOLD
$14,000,000
Florida
See Similar DealsSingle Family Residence11,495 SF
Sold 01/29/2021
SOLD
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
See Similar DealsSingle Family Residence11,495 SF
Sold 01/29/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,217
Total Square Footage:11,495 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$746,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71
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