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Gulf Stream, Florida, Unite...

3545 North Ocean Trust Acquires Single Family Property In Gulf Stream For $33M
SOLDSingle Family Residence

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

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

Candace Friis

The Corcoran Group

Broker

$343.3M

vol

14 deals

Broker
NT
North Ocean TrustBuyer

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