2540 Juniper Drive #B
About This Property
*Most of the Pines of Delray was built from 1974-1977. Only
4 buildings were constructed in 1978: buildings 98,99,108 & 109. And only 2 buildings were constructed in 1979: 29 & 30. A unit in any of the other buildings is PRE-1978 and needs a LBPD.
*All units pay the same $368/month regardless of the amount shown on the MLS sheet.
*A unit must be owned for 18 months before it is potentially eligible to be leased. If after the 18 months more than 20% of the units are already under a lease, then you would have to go a waiting list until the total number of leased units dropped to under 20%.
CONDOMINIUM DOCUMENTS: The CURRENT Pines of Delray documents package consists of 111 pages:
1) Declaration of Condominium (2015) -- 39 pages
2) Articles of Incorporation (2015) --- 4 pages
3) By-Laws (2015) ---19 pages
4) Rules & Regulations Booklet (2015) --31 pages
5) Frequently Asked Q&A Sheet (2019) ---1 page
6) Condominium Governance Form Booklet - 5 pages
7) Financial Statements (published 7/24/2018) -10 pages
(a) Balance Sheet
(b) Statement of Revenues, Expenses and
Changes in Fund Balances
(c) Statement of Cash Flows
8) Florida Not For Profit Corporation Annual Report (2019)
- 2 pages
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 19, 2019 | Sold | ||
| Sold | |||
| Mar 24, 2019 | Listed by Coldwell Banker | $129,900 | |
| Listed by Coldwell Banker | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/13/2024
|
2 Bed
|
2 Bath
|
1167 ft²
|
$249,000
2 Bed
2 Bath
1167 ft²
|
$249,000
02/11/2025
|
Pramila Charpentier
Coldwell Banker Realty /Delray Beach
| |
|
03/24/2019
|
2 Bed
|
1 Bath
|
1057 ft²
|
$129,900
2 Bed
1 Bath
1057 ft²
|
$120,000
-7.62%
06/19/2019
|
Jeff Rosenthal
Coldwell Banker
|
Building Info
About Pines of Delray West
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017