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Kevin James Acquires Delray Beach SFR For $14M With Buyer's Rep Jack Elkins & Seller's Rep Nick Malinosky

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SOLD
$14,000,000

Florida

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Single Family Residence11,495 SF
Sold 01/29/2021
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Property Image
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 Deals
Single Family Residence11,495 SF
Sold 01/29/2021
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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.

Players

Nicholas (Nick) Malinosky
20 deals$459.4M volume
BROKER

Details

SOLD
IMAGE: Jack Elkins, Kevin James, & Nick Malinosky DATE: 01/29/2021 ADDRESS: 344 N. Ocean Blvd MARKET: Delray Beach ASSET TYPE: SFR BUYER: Kevin James ( from Hitch 🎥) BUYER'S REP: Jack Elkins - William Raveis South Florida SELLER'S REP: Nick Malinosky - Douglas Elliman ASKING PRICE: $15,950,000 SALE PRICE: $14,000,000 SF: 11,495 ~ PPSF: $1,218

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
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