SOLD
The Breakers Acquires Mixed-Use Property In Palm Beach For $11.5M
249, 251 & 253 Royal Poinciana Way
Mixed-use
16,818 SF
16,818 SF
Sold 114 days ago
Summary
Sale
FLORIDA
Mixed-use
16,818 sqft
The Breakers, led by Paul Leone, has acquired a mixed-use property located at 249-253 Royal Poinciana Way in Palm Beach. The property includes three storefronts and seven residential apartments. The sale price for this transaction was $11.5 million.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $11,500,000
- Units: 10
- Price Per Unit: $1,150,000
- Square Footage: 5,606
- Price Per Square Foot: $2,051
- Market: Palm Beach
- Buyer: Paul Leone - The Breakers
- Seller: Spencer J. Schlager & Charles L. Rosenberg - CSPB RPW LLC
This acquisition contributes to The Breakers' growing real estate portfolio in the Palm Beach area. Since 2010, they have acquired approximately $55.5 million worth of properties in the region.
Details
SOLD
IMAGE: Spencer J. Schlager, Paul Leone & Charles L. Rosenberg
DATE: 01/16/2024
ADDRESS: 249, 251 & 253 Royal Poinciana Way
MARKET: Palm Beach
ASSET TYPE: Mixed-use
BUYER: Paul Leone - The Breakers
SELLER: Spencer J. Schlager & Charles L. Rosenberg - CSPB RPW LLC
SALE PRICE: $11,500,000
UNITS: 10 ~ PPU: $1,150,000
SF: 5,606 ~ PPSF: $2,051
NOTE: The Breakers has acquired a mixed-use property at 249-253 Royal Poinciana Way in Palm Beach for $11.5 million. The purchase includes three storefronts, seven residential apartments, and adds to The Breakers' growing real estate portfolio in the area, totaling approximately $55.5 million in acquisitions since 2010.View on map
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Address249, 251 & 253 Royal Poinciana Way
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