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2770 South Ocean Boulevard,...

Terry R. Taylor Acquires 4,040 SF Palm Beach Condo For $7.5M
SOLD

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

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

Christian Angle

Christian Angle Real Estate

Broker

$2.8B

vol

100 deals

Broker

Terry R. Taylor

Buyer

$83.5M

vol

2 deals

Buyer

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