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707 N Ocean Blvd, Delray Be...

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

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:

Players

Guerby Mertil Jr

Broker

$16M

vol

1 deal

Broker

Delray Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

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