Deborah A Turner And Bane Pinnacle Acquire Condo Unit In Palm Beach,FL For $17.68M
2 North Breakers Row, Palm Beach, Florida, USA
$17,680,000
$101,028/SF
Building Size
175 SF
Asset Type
Condo
Closing
Jan 11, 2021
About this deal
AI
The property involved in this closed transaction is a condominium unit located at 2 N Breakers Row, Palm Beach, FL. The unit has a total square footage of 175. The transaction took place on November 1, 2021, with Deborah A Turner and Bane Pinnacle as the buyers. The seller in this deal was Fennell Shirley. The sale price for the property was $17,680,000, resulting in a price per square foot of $101,029.
Summary of transaction details:
- Property Type: Condo Unit
- Transaction Amount: $17,680,000
- Buyer: Deborah A Turner, Bane Pinnacle
- Seller: Fennell Shirley
- Address: 2 N Breakers Row, Palm Beach, FL
- Square Footage: 175
- Price per Square Foot: $101,029
In addition to the property and transaction details, it is worth noting that Deborah A Turner and Bane Pinnacle were represented by their broker in this deal. However, no additional information about the individuals or companies involved in the transaction was provided.
On the Map
$17,680,000
$101,028/SF
Condo
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Palm Beach Condo Market Snapshot
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Deal FAQ
About $101K per square foot on a published $17.7M for 175 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.90%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93