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
$15,995,000
$2,135/SF
Building Size
7,490 SF
Asset Type
Single Family Residence
Closing
Mar 26, 2020
AI
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:
- Office: 855.510.7355
- Email: [email protected]
Players
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