Updated Oct 28, 2024
Eileen H. Simmons & Steven J. Simmons Acquire Ocean Ridge SFR For $10.1M
5516 Old Ocean Boulevard, Ocean Ridge, FL, USA
$10,100,000
$1,580/SF
Building Size
6,389 SF
Asset Type
Single Family Residence
Closing
Mar 18, 2021
About this deal
AI
The property at 5516 Old Ocean Boulevard in Ocean Ridge has been sold in a closed transaction. The single-family residence (SFR) spans 6,389 square feet and was sold for a price of $10,100,000. The price per square foot of this property is $1,581.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $10,100,000
The buyers of this property are Eileen H. Simmons and Steven J. Simmons from Patriot Media & Communications. They were represented by their broker, Ross Sherban. The sellers are Irene Mogil and Ross Sherban.
Players
Ocean Ridge 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
1.57%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93