Douglas Elliman Represents Buyer In $7.4M Palm Beach Condo Sale
3100 South Ocean Boulevard, Palm Beach, Florida 33480, United States
$7,445,850
$1,490/SF
Building Size
4,995 SF
Asset Type
—
Closing
Jun 29, 2022
AI
A condo located at 3100 S Ocean Blvd in Palm Beach has been sold for a total price of $7,445,850. The property has a total square footage of 4,995 and a price per square footage of $1,491.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $7,445,850
- Address: 3100 S Ocean Blvd, Palm Beach
The buyer's representatives in this transaction were Chris Leavitt and Ashley McIntosh from Douglas Elliman. Serving as the seller's representative was Fern Fodiman from Sotheby's International Realty.
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
2.13%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93