456 South Ocean Boulevard Condo In Palm Beach Sold For $26.1M By Frisbie Group
456 South Ocean Boulevard, Palm Beach, FL, USA
$26,100,000
$2,966/SF
Building Size
8,799 SF
Asset Type
—
Closing
Apr 21, 2021
AI
The property involved in this transaction is a condo located at 456 South Ocean Boulevard Unit 1 in Palm Beach. The property has a total area of 8,799 square feet. The sale price for this condo was $26,100,000, which translates to a price per square foot of $2,966.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $26,100,000
- Address: 456 South Ocean Boulevard Unit 1
- Market: Palm Beach
The buyer in this transaction is The 456 South Ocean Boulevard Trust, while the seller is the Frisbie Group, represented by Robert N. Frisbie. The buyer was represented by Rosalind Clarke from Premier Estate Properties, and the seller was represented by Suzanne T. Frisbie from Frisbie Group.
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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93