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
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
2.25%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93