William Lauder Of Estee Lauder Companies Sells 2.3 Acres In Palm Beach For $177.8M
1063 North Ocean Boulevard
$177,800,000
Building Size
—
Asset Type
Land
Closing
Feb 6, 2025
About this deal
AI
William Lauder is under contract to sell 2.3 oceanfront acres located at 1063 North Ocean Boulevard in Palm Beach for a price of $177.8 million.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $177,800,000
- Acres: 2.3
- Address: 1063 North Ocean Boulevard
- Market: Palm Beach
- Seller: William Lauder - Estee Lauder Companies
- Buyer's Representative: Ryan Serhant - Serhant
- Seller's Representative: Christian Angle - Christian Angle Real Estate
This potential sale is rumored to involve Ryan Serhant, marking another significant transaction in the ultra-luxury market of the island, further highlighting the dynamics of high-profile deals in Palm Beach.
On the Map
$177,800,000
Land
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93