Updated Oct 28, 2024
Jak Ftl LLC Acquires $16M Single Family Property In Delray Beach
707 North Ocean Boulevard, Delray Beach, FL, USA
$16,000,000
$2,136/SF
Building Size
7,490 SF
Asset Type
Single Family Residence
Closing
Apr 6, 2021
About this deal
AI
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.
On the Map
$16,000,000
$2,136/SF
Single Family Residence
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Delray Beach 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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93