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306 NE SECOND ST
DELRAY BEACH, FL 33483
Asking Price
$7.50M
Asset Type
Mixed-use
Class
Class B
What's Special
Site Plan Approved <p><span style="color: rgba(0, 0, 0, 1)">The Maxwell Delray is designed as a premium boutique condominium with high-end finishes and a rooftop amenity program featuring a pool and fitness center. The opportunity addresses a meaningful supply gap: new-construction, non-waterfront condominiums remain exceptionally scarce in this submarket. Comparable products delivered post-2019 have achieved pricing of $1,100 to $1,450 per saleable square foot, underscoring durable demand fundamentals and support
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NOI
$80,000
Cap Rate
1.07%
DSCR
0.18
Underwater
Cash-on-Cash
-16.23%
Monthly Payment
$37,081.171
Annual Cash Flow
$-364,974.047
