Bruce Leeds Sells SFR In Highland Beach For $45M With Beverly Aluise Knight - Ocean Estate Properties
2455 South Ocean Boulevard
$45,000,000
$1,904/SF
Building Size
23,625 SF
Asset Type
Co-Op
Closing
Apr 1, 2022
About this deal
AI
The property involved in this transaction is a single-family residence located at 2455 South Ocean Boulevard in Highland Beach. The property spans approximately 23,625 square feet and was sold for a total price of $45,000,000, which translates to a price per square foot of $1,905.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $45,000,000
- Address: 2455 South Ocean Boulevard
- Market: Highland Beach
The seller of the property was Bruce Leeds. The transaction was facilitated by Beverly Aluise Knight from Ocean Estate Properties, who represented the seller in the deal.
Players
Boca Raton Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Deal FAQ
About $1.9K per square foot on a published $45M for 23,625 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93