460 South Ocean Boulevard Townhouse In Palm Beach Sold For $27.75M With Buyer's Rep Christian Angle And Seller's Rep Suzanne Frisbie
SOLD
$27,750,000
Florida
See Similar DealsOther8,804 SF
Sold 04/20/2022
SOLD
460 South Ocean Boulevard Townhouse In Palm Beach Sold For $27.75M With Buyer's Rep Christian Angle And Seller's Rep Suzanne Frisbie
460 South Ocean Boulevard, Palm Beach, Florida 33480, United States
See Similar DealsOther8,804 SF
Sold 04/20/2022
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$3,152
Total Square Footage:8,804 SF
Transaction Type:Sale
The townhouse located at 460 S. Ocean Blvd in Palm Beach has been sold for $27,750,000. The property, spanning 8,804 square feet, was purchased by the 460 South Ocean Boulevard Revocable Trust. The buyer was represented by Christian Angle of Christian Angle Real Estate, while the seller, Frisbie Group, was represented by Suzanne Frisbie of Corcoran Group. The transaction took place on April 20, 2022.
Summary of transaction details:
- Property Type: Townhouse
- Sale Price: $27,750,000
- Square Footage: 8,804
- Address: 460 S. Ocean Blvd, Palm Beach
- Buyer: 460 South Ocean Boulevard Revocable Trust
- Seller: Frisbie Group
- Buyer's Representative: Christian Angle - Christian Angle Real Estate
- Seller's Representative: Suzanne Frisbie - Corcoran Group
Christian Angle of Christian Angle Real Estate and Suzanne Frisbie of Corcoran Group played key roles in facilitating this transaction, representing the buyer and seller respectively. Their expertise and guidance contributed to the successful completion of the deal.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,480,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$98,589.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$131,549.16
Annual Debt Service$1,578,589.89
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