Ronald A Rosenfeld Acquires Retail Property On S Ocean Blvd In Palm Beach, FL For $10.6M
456 South Ocean Boulevard, Palm Beach, Florida 33480, United States
$10,625,000
$1,184/SF
Building Size
8,967 SF
Asset Type
Retail
Closing
Apr 11, 2022
About this deal
AI
A retail property located at 456 S Ocean Blvd in Palm Beach, FL was recently sold in a closed transaction. The property spans 8,967 square feet and was sold for a price of $10,625,000, resulting in a price per square foot of $1,184.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,625,000
- Address: 456 S Ocean Blvd, Palm Beach, FL
- Market: Palm Beach, FL
- Buyer: Ronald A Rosenfeld
- Seller: Greg Pintacuda
- Property Size: 8,967 square feet
- Price per Square Foot: $1,184
Ronald A Rosenfeld was the buyer in this transaction, while Greg Pintacuda acted as the seller. This closed deal highlights the successful transfer of ownership for the retail property in Palm Beach, FL.
Players
Palm Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.49%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93