Updated Dec 20, 2023
Stephen Ross Acquires SFR In Cocoa Beach From Sisson E. Duraes For $2.8M
801 South Atlantic Avenue, Cocoa Beach, Florida 32931, United States
$2,800,000
$771/SF
Building Size
3,630 SF
Asset Type
Single Family Residence
Closing
Apr 26, 2022
About this deal
AI
Located at 801 S Atlantic Ave in Cocoa Beach, this single-family home is the subject of a recent real estate sale. The property, spanning 3,630 square feet, was sold for a total of $2,800,000. With a price per square foot of $771, the transaction was completed on 04/27/2022. The sale was facilitated by Jonathan Pearlman of Family Office Real Estate, representing the seller, Sisson E. Duraes, and the buyer, Stephen Ross.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $2,800,000
- Property Size: 3,630 square feet
- Price per Square Foot: $771
- Market: Cocoa Beach
- Buyer: Stephen Ross
- Seller: Sisson E. Duraes
- Broker: Jonathan Pearlman - Family Office Real Estate
This successful real estate transaction showcases the collaboration between the buyer, Stephen Ross, and the seller, Sisson E. Duraes. Working alongside them was broker Jonathan Pearlman from Family Office Real Estate, who ensured a smooth completion of the sale. The property's desirable location in Cocoa Beach and its spacious 3,630 square feet contributed to its appeal and market value.
Players
Cocoa Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $771 per square foot on a published $2.8M for 3,630 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93