Sean Conlon Sells Mixed-Use Property On Palm Beach's Sunset Ave For $17M
184 Sunset Avenue, Palm Beach, Florida 33480, United States
$17,000,000
$1,206/SF
Building Size
14,086 SF
Asset Type
Mixed-use
Closing
May 4, 2022
About this deal
AI
The mixed-use property located at 184 Sunset Ave in Palm Beach has recently been sold. The sale was facilitated by Zach Baraf and Sean Conlon, who represented the seller and the buyer, respectively.
Summary of transaction details
- Property Type: Mixed-use
- Sale Price: $17,000,000
- Units: 23
- Price Per Unit: $739,130
- Square Footage: 14,086
- Price Per Square Foot: $1,207
- Address: 184 Sunset Ave, Palm Beach
The 23 Unit Building is now the second-largest rental building on the island of Palm Beach. This successful transaction highlights the expertise of Zach Baraf and Sean Conlon in the Palm Beach real estate market.
On the Map
$17,000,000
$1,206/SF
Mixed-use
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Players
Palm Beach Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93