Moira S. Zelin And Leonard B. Zelin Acquire $7M Single Family Home In Highland Beach, Boca Raton
SOLD
$7,000,000
Florida
See Similar DealsSingle Family7,560 SF
Sold 02/25/2022
SOLD
Moira S. Zelin And Leonard B. Zelin Acquire $7M Single Family Home In Highland Beach, Boca Raton
Highland Beach, Florida, United States
See Similar DealsSingle Family7,560 SF
Sold 02/25/2022
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$925
Total Square Footage:7,560 SF
Transaction Type:Sale
A single-family property located in Highland Beach, Boca Raton has been sold for $7,000,000. The property spans over 7,560 square feet, resulting in a price per square foot of $926. The transaction took place on February 25, 2022, and the seller of the property was Adam Buss.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $7,000,000
- Market: Highland Beach, Boca Raton
- Square Footage: 7,560 sqft
- Price per Square Foot: $926
The buyers of the property are Moira S. Zelin and Leonard B. Zelin from Precision Capital Partners. They were represented by Bonnie Heatzig from Douglas Elliman. On the other hand, the seller, Adam Buss, was represented by Candace Friis from The Corcoran Group. The deal was facilitated with the assistance of these experienced real estate professionals, ensuring a smooth transaction for all parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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