SOLDOther
Joseph Gubernick & Lynn Ann Gubernick Acquire Co-op Unit In Palm Beach For $3.6M
300 South Ocean Boulevard, Palm Beach, Florida 33480, United States
$3,600,000
$1,938/SF
Building Size
1,857 SF
Asset Type
Other
Closing
May 31, 2022
About this deal
AI
A co-op unit located at 300 S Ocean Blvd in Palm Beach, FL has recently been sold for a price of $3,600,000. The property spans 1,857 square feet, resulting in a price per square foot of $1,938.
Summary of Transaction Details
- Property Type: Co-op Unit
- Transaction Amount: $3,600,000
- Address: 300 S Ocean Blvd, Palm Beach, FL
- Square Footage: 1,857
- Price per Square Foot: $1,938
Joseph Gubernick and Lynn Ann Gubernick have acquired the co-op unit from Rosalinda Clarke and Christine Hall.
Players
Palm Beach Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93