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456 South Ocean Boulevard Condo In Palm Beach Sold For $26.1M By Frisbie Group

Property Image
SOLD
$26,100,000
Rosalind Clarke
Suzanne Frisbie

Florida

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8,799 SF
Sold 04/22/2021
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Property Image
SOLD

456 South Ocean Boulevard Condo In Palm Beach Sold For $26.1M By Frisbie Group

456 South Ocean Boulevard, Palm Beach, FL, USA

See Similar Deals
8,799 SF
Sold 04/22/2021
Rosalind Clarke
Suzanne Frisbie
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Price Per Square Foot:$2,966
Total Square Footage:8,799 SF
Transaction Type:Sale

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

Suzanne Frisbie
The Corcoran Group
Suzanne Frisbie
47 deals$1.4B volume
BROKER
Rosalind Clarke
Premier Estate Properties
Rosalind Clarke
2 deals$52.8M volume
BROKER
FG
Frisbie Group
SELLER

Details

SOLD
IMAGE: Suzanne T. Frisbie, Rosalind Clarke & Robert N. Frisbie DATE: 04/22/2021 ADDRESS: 456 South Ocean Boulevard Unit 1 MARKET: Palm Beach ASSET TYPE: Condo BUYER: The 456 South Ocean Boulevard Trust SELLER: Frisbie Group - Robert N. Frisbie BUYER'S REP: Rosalind Clarke - Premier Estate Properties SELLER'S REP: Suzanne T. Frisbie - Frisbie Group PRICE: $26,100,000 SF: 8,799 ~ PPSF: $2,966

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,392,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$92,727.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$123,727.32
Annual Debt Service$1,484,727.79