Terry R. Taylor Acquires 4,040 SF Palm Beach Condo For $7.5M
SOLD
$7,500,000
Florida
See Similar Deals4,040 SF
Sold 05/11/2022
SOLD
Terry R. Taylor Acquires 4,040 SF Palm Beach Condo For $7.5M
2770 South Ocean Boulevard, Palm Beach, Florida 33480, United States
See Similar Deals4,040 SF
Sold 05/11/2022
Summary
FLORIDA
Price Per Square Foot:$1,856
Total Square Footage:4,040 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$400,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92
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