Rabideau Guy Acquires Single Family Property In Delray Beach For $33M
SOLD
$33,000,000
Florida
See Similar DealsSingle Family Residence8,922 SF
Sold 02/28/22
SOLD
Rabideau Guy Acquires Single Family Property In Delray Beach For $33M
3545 North Ocean Boulevard, Delray Beach, Florida 33483, United States
See Similar DealsSingle Family Residence8,922 SF
Sold 02/28/22
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$3,698
Total Square Footage:8,922 SF
Transaction Type:Sale
The single-family property located at 3545 N Ocean Blvd in Delray Beach, FL, was recently sold on 03/01/22. The property spans across 8,922 square feet and was sold for a total price of $33,000,000, resulting in a price per square foot of $3,699.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $33,000,000
- Address: 3545 N Ocean Blvd, Delray Beach, FL
- Market: Delray Beach, FL
- Square Footage: 8,922
- Buyer: Rabideau Guy
- Seller: Gary Clinton Scheier
Rabideau Guy played the role of the buyer in this transaction, while Gary Clinton Scheier acted as the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,759,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$117,242.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$156,436.84
Annual Debt Service$1,877,242.03
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