Updated Oct 28, 2024
3545 North Ocean Trust Acquires Single Family Property In Gulf Stream For $33M
Gulf Stream, Florida, United States
$33,000,000
$5,482/SF
Building Size
6,019 SF
Asset Type
Single Family Residence
Closing
Mar 6, 2022
About this deal
AI
Located in the upscale market of Gulf Stream, a single-family property was recently sold in a closed transaction. The property, spanning over 14,000 square feet, was acquired by 3545 North Ocean Trust for a sale price of $33,000,000. The transaction was facilitated by Candace & Phillip Friis from The Corcoran Group, who represented both the buyer and the seller, Gulf Stream Ocean Properties FL - Gary Clinton Scheier - Oberndorf Enterprises.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $33,000,000
- Square Footage: 14,000
- Price per Square Foot: $2,357
- Market: Gulf Stream
The acquisition of this prestigious property was made possible through the collaborative efforts of Candace & Phillip Friis from The Corcoran Group. Their expertise in the market and their representation of both the buyer and the seller ensured a successful transaction. The property, though devoid of additional details, stands as a testament to the thriving luxury real estate market in Gulf Stream.
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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93