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JAK FTL, LLC Acquires Delray Beach SFR For $15.995M With Brokers Kim Klotz & Guerby Mertil Jr

Property Image
SOLD
$15,995,000
Kim Klotz
Guerby Mertil Jr

Florida

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Single Family Residence7,490 SF
Sold 03/26/2020
the dealplayerscompscontact
Property Image
SOLD

JAK FTL, LLC Acquires Delray Beach SFR For $15.995M With Brokers Kim Klotz & Guerby Mertil Jr

707 N Ocean Blvd, Delray Beach, FL, USA

See Similar Deals
Single Family Residence7,490 SF
Sold 03/26/2020
Kim Klotz
Guerby Mertil Jr
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,135
Total Square Footage:7,490 SF
Transaction Type:Sale

A newly constructed oceanfront mansion in Delray Beach, located at 707 N Ocean Blvd, has been sold in a closed transaction. The property, a single-family residence, was on the market in Delray Beach.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $15,995,000
  • Address: 707 N Ocean Blvd, Delray Beach
  • Market: Delray Beach
  • Buyer: JAK FTL, LLC
  • SF: 7,490
  • PPSF: $2,135

The buyer, JAK FTL, LLC, acquired the oceanfront mansion through the representation of brokers Kim Klotz and Guerby Mertil Jr from Signature Elite Luxury Lifestyle, LLC. The transaction was completed on 03/26/2021.

Please note that Municipal Bonds Guru purchased the property for $15,995,000.

For more information regarding elite services, you can contact Signature Elite Luxury Lifestyle, LLC via the following:

Players

Guerby Mertil Jr
Guerby Mertil Jr
1 deal$16M volume
BROKER
Kim Klotz
Kim Klotz
2 deals$23.4M volume
BROKER

Details

SOLD
IMAGE: Guerby Mertil Jr, & Kim Klotz DATE: 03/26/2021 ADDRESS: 707 N Ocean Blvd MARKET: Delray Beach ASSET TYPE: SFR BUYER: JAK FTL, LLC BROKERS: Kim Klotz & Guerby Mertil Jr - Signature Elite Luxury Lifestyle, LLC @Signature.Sell ASKING PRICE: $15,995,000 SALE PRICE: $15,995,000 SF: 7,490 ~ PPSF: $2,135 NOTE: Municipal Bonds Guru buys a newly constructed oceanfront mansion in Delray Beach for $16M Contact us for Elite services Office: tel:8555107355855.510.7355> Email: [email protected]

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

$853,066.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$56,826.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,824.46
Annual Debt Service$909,893.52