Terry McGuirk Of Atlanta Braves Purchases Palm Beach Penthouse For $5.9 Million
400 South Ocean Boulevard
$5,900,000
$2,681/SF
Building Size
2,200 SF
Asset Type
Condo
Closing
Jan 9, 2025
AI
The sale involves a condo located at 400 South Ocean Boulevard PH-B in Palm Beach, which has been sold for $5,900,000. The property spans 2,200 square feet and was recently renovated by the previous owners. The price per square foot for this transaction is $2,682, marking it as a significant sale in the local market.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,900,000
- Address: 400 South Ocean Boulevard PH-B
- Market: Palm Beach
- Square Footage: 2,200
- Price Per Square Foot: $2,682
- Buyer: Nancy McGuirk; Terry McGuirk - Atlanta Braves
- Seller: Kevin Byrne & William Ameringer
- Buyer’s Representative: Crista Ryan - Tina Fanjul Associates
- Seller’s Representative: Christian Angle - Christian Angle Real Estate
Terry McGuirk, chairman of the Atlanta Braves, was among the buyers of this penthouse condo, while the sellers were Kevin Byrne and William Ameringer. The transaction was completed with representation from Crista Ryan and Christian Angle, who acted as the respective buyer’s and seller’s representatives.
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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93