Terry R. Taylor Acquires 4,040 SF Palm Beach Condo For $7.5M
2770 South Ocean Boulevard, Palm Beach, Florida 33480, United States
$7,500,000
$1,856/SF
Building Size
4,040 SF
Asset Type
—
Closing
May 10, 2022
AI
Located at 2770 South Ocean Boulevard Unit S-502, this Palm Beach condo was recently sold for $7,500,000. The unit spans 4,040 square feet, resulting in a price per square foot of $1,856. The transaction took place on 05/11/2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $7,500,000
- Address: 2770 South Ocean Boulevard Unit S-502, Palm Beach
- Market: Palm Beach
- Buyer: Terry R. Taylor
- Seller: O’Keefe Limited Partnership
- Buyer's Rep: Christian Angle - Christian Angle Real Estate
- Seller's Rep: Scott Gordon - Douglas Elliman
Christian Angle from Christian Angle Real Estate represented the buyer, Terry R. Taylor, in this transaction. On the other side, Scott Gordon from Douglas Elliman acted as the seller's representative for O’Keefe Limited Partnership.
Players
Boca Raton 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