Updated Dec 21, 2023
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
Palm Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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