Jak Ftl LLC Acquires $16M Single Family Property In Delray Beach
SOLD
$16,000,000
Florida
See Similar DealsSingle Family Residence7,490 SF
Sold 04/07/2021
SOLD
Jak Ftl LLC Acquires $16M Single Family Property In Delray Beach
707 North Ocean Boulevard, Delray Beach, FL, USA
See Similar DealsSingle Family Residence7,490 SF
Sold 04/07/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,136
Total Square Footage:7,490 SF
Transaction Type:Sale
A Single Family property located at 707 North Ocean Boulevard in Delray Beach has been sold for $16,000,000. The property spans approximately 7,490 square feet, which equates to a price per square foot of $2,136.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $16,000,000
- Address: 707 North Ocean Boulevard, Delray Beach
- Market: Delray Beach
The buyer, Jak Ftl LLC, acquired the property from Rey Grabato, represented by National Realty Investment Advisors. The transaction was facilitated by Deborah Haines from IMI Resort Properties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$853,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,848.16
Annual Debt Service$910,177.95
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