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400 South Ocean Boulevard

Terry McGuirk Of Atlanta Braves Purchases Palm Beach Penthouse For $5.9 Million
SOLDCondo

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

Christian Angle

Christian Angle Real Estate

Broker

$2.7B

vol

99 deals

Broker

Palm Beach Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

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