facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

All

/

Sale

/

2 North Breakers Row, Palm ...

Daniel P. Carbonneau Acquires Palm Beach Condo For $7.05M
SOLD

Daniel P. Carbonneau Acquires Palm Beach Condo For $7.05M

2 North Breakers Row, Palm Beach, FL, USA

$7,050,000

$2,173/SF

Building Size

3,243 SF

Asset Type

Closing

Feb 16, 2021

AI

Located in Palm Beach, this condo unit is situated at 2 North Breakers Row, Unit N41. The property was sold on February 17, 2021, in a closed transaction. The transaction involved a condo unit with a total square footage of 3,243. The price per square foot of the unit was $2,174, resulting in a total sale price of $7,050,000. The buyer of the property was Daniel P. Carbonneau, while the sellers were Kathryn B. Gandal and James H. Bernstein.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $7,050,000
  • Address: 2 North Breakers Row, Unit N41
  • Market: Palm Beach
  • Square Footage: 3,243

The buyer of the condo, Daniel P. Carbonneau, was represented by Lawrence Moens from Lawrence A. Moens Associates. On the other hand, the sellers, Kathryn B. Gandal and James H. Bernstein, were represented by Christian Angle from Christian Angle Real Estate.

Players

Lawrence Moens

Broker

$2.4B

vol

64 deals

Broker

Daniel P. Carbonneau

Buyer

$22.1M

vol

2 deals

Buyer

Palm Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.25%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93