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Douglas Elliman Broker Senada Adzem Facilitates $17 Million Sale Of SFR In Delray Beach By Michelle And Seth Cohen

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Senada Adzem

$17,000,000

SOLD
$17,000,000

Florida

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Single Family Residence18,206 SF
Sold 01/30/2020
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Senada Adzem

$17,000,000

SOLD

Douglas Elliman Broker Senada Adzem Facilitates $17 Million Sale Of SFR In Delray Beach By Michelle And Seth Cohen

9200 Rockybrook Way, Delray Beach, FL, USA

See Similar Deals
Single Family Residence18,206 SF
Sold 01/30/2020
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$933
Total Square Footage:18,206 SF
Transaction Type:Sale

The property asset involved in this transaction is a single-family residence located at 9200 Rockybrook Way in Delray Beach. The residence spans a total of 18,206 square feet and has been sold for $17,000,000, resulting in a price per square foot of $933.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $17,000,000
  • Address: 9200 Rockybrook Way
  • Market: Delray Beach
  • Square Footage: 18,206
  • Price Per Square Foot: $933
  • Seller: Michelle & Seth Cohen
  • Broker: Senada Adzem - Douglas Elliman
  • Date of Transaction: 01/30/2020

In this transaction, Senada Adzem represented the sellers, Michelle and Seth Cohen, facilitating the sale of the property. The involvement of Douglas Elliman as the brokerage highlights the professional support provided throughout the transaction process.

Players

Senada Adzem
28 deals$657.6M volume
BROKER

Details

SOLD
IMAGE: Senada Adzem & Seth Cohen DATE: 01/30/2020 ADDRESS: 9200 Rockybrook Way MARKET: Delray Beach ASSET TYPE: SFR SELLER: Michelle & Seth Cohen BROKER: Senada Adzem - Douglas Elliman PRICE: $17,000,000 SF: 18,206 ~ PPSF: $933

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

$906,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$60,397.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,588.67
Annual Debt Service$967,064.08