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360 S Ocean Blvd #5 A, Palm...

Updated Dec 21, 2023

Dana Koch & Paulette Koch Sell Palm Beach Condo For $7.5M
SOLD

Dana Koch & Paulette Koch Sell Palm Beach Condo For $7.5M

360 S Ocean Blvd #5 A, Palm Beach, Fl 33480, Usa

$7,500,000

$3,000/SF

Building Size

2,500 SF

Asset Type

Closing

Sep 16, 2020

About this deal

AI

The recently closed transaction at 360 S. Ocean Blvd in Palm Beach involved the sale of a condominium unit. The property boasts a spacious area of 2,500 square feet and was sold at a price of $7,500,000, translating to a price per square foot of $3,000. Located in a prime location on Ocean Boulevard, this condo offers luxurious living with stunning ocean views. The deal was facilitated by the renowned real estate agents Dana Koch and Paulette Koch, representing The Corcoran Group.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $7,500,000
  • Square Footage: 2,500
  • Price Per Square Foot: $3,000
  • Address: 360 S. Ocean Blvd, Palm Beach
  • Seller: Mark J. & Patricia L. Davies
  • Brokers: Dana Koch & Paulette Koch – The Corcoran Group

Mark J. and Patricia L. Davies were the sellers of this magnificent condominium unit. They entrusted the exclusive representation of the transaction to Dana Koch and Paulette Koch, prominent real estate agents from The Corcoran Group. With their expertise and market knowledge, the deal was seamlessly executed, ensuring a successful sale for both the sellers and the buyer.

Players

Paulette Koch

The Corcoran Group

Broker

$545.2M

vol

22 deals

Broker

Palm Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $3K per square foot on a published $7.5M for 2,500 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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