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
About this deal
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.
On the Map
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Market Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $712 per square foot on a published $1.1M for 1,559 square feet (2023).
Visit Vincent (Vince) Spadea to view all their deals.
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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