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2295 S Ocean Blvd

Douglas Elliman Acquires Condo On S Ocean Blvd, Palm Beach County For $1.1M
SOLDCondo

Douglas Elliman Acquires Condo On S Ocean Blvd, Palm Beach County For $1.1M

2295 S Ocean Blvd

$1,110,000

$712/SF

Building Size

1,559 SF

Asset Type

Condo

Closing

Apr 20, 2023

AI

Located at 2295 S Ocean Blvd in Palm Beach County, this condominium was recently sold in a closed transaction. The property features a total area of 1,559 square feet and was sold for a price of $1,110,000, resulting in a price per square foot of $712.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,110,000
  • Square Footage: 1,559
  • Price per Square Foot: $712
  • Address: 2295 S Ocean Blvd, Palm Beach County

The deal was facilitated by Vincent "Vince" Spadea, a representative from Douglas Elliman, working on behalf of the buyer. Gloria Rodriguez, also from Douglas Elliman, represented the seller, Colm Obrien.

Players

Vincent Spadea

Douglas Elliman

Broker

$131.1M

vol

10 deals

Broker

Colm Obrien

Seller

$2.2M

vol

2 deals

Seller

Market Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.29%

Cash-on-Cash

-4.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93