Liliana & Raul Cesan Acquire Two Side-by-Side Condos In Palm Beach For $14 Million
150 Bradley Place
$14,000,000
$3,265/SF
Building Size
4,287 SF
Asset Type
Condo
Closing
Jan 14, 2025
About this deal
AI
Two side-by-side ninth-floor condos at 150 Bradley Place in Palm Beach were sold together for $14 million. The condos encompass a total of 4,287 square feet, with a price per square foot of $3,266. The sale was executed within the Palm Beach market.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $14,000,000
- Buyer: Liliana & Raul Cesan
- Buyer's Company: Commercial Worldwide
- Seller: Elizabeth M. Dubin
- Brokers: Catherine Applegate & Christopher Leavitt - Douglas Elliman
The buyer, Raul Cesan, is identified as a managing partner of Commercial Worldwide LLC. The transaction involved the marketing efforts of brokers Catherine Applegate and Christopher Leavitt from Douglas Elliman Real Estate, highlighting their role in facilitating the sale of the units.
On the Map
$14,000,000
$3,265/SF
Condo
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Players
Palm Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93