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The Corcoran Group Acquires Palm Beach Single Family Home On Clarendon Ave. For $24M

Property Image
SOLD
$24,000,000
Manuela Yanez
Paulette Koch
Dana Koch
+ 1

Florida

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Single Family Residence9,413 SF
Sold 04/16/2021
the dealplayerscompscontact
Property Image
SOLD

The Corcoran Group Acquires Palm Beach Single Family Home On Clarendon Ave. For $24M

120 Clarendon Ave, Palm Beach, FL, USA

See Similar Deals
Single Family Residence9,413 SF
Sold 04/16/2021
Manuela Yanez
Paulette Koch
Dana Koch
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,549
Total Square Footage:9,413 SF
Transaction Type:Sale

A single-family property located at 120 Clarendon Ave in Palm Beach has been sold for a price of $24,000,000. The property spans 9,413 square feet, resulting in a price per square foot of $2,550. The transaction took place on April 16, 2021.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $24,000,000
  • Address: 120 Clarendon Ave
  • Market: Palm Beach
  • Square Footage: 9,413
  • Price per Square Foot: $2,550

The sellers of the property were Richard A. Graciano Jr. and Debra White Dove Graciano. Representing the buyers in the deal were Dana Koch and Paulette Koch from The Corcoran Group. Manuela Yanez from William Raveis South Florida acted as the seller's representative.

Players

Paulette Koch
The Corcoran Group
Paulette Koch
22 deals$545.2M volume
BROKER
Dana Koch
The Corcoran Group
Dana Koch
42 deals$1B volume
BROKER
Manuela Yanez
William Raveis Real Estate
Manuela Yanez
1 deal$24M volume
BROKER
RJ
Richard A. Graciano Jr.
2 deals$33M volume
SELLER

Details

SOLD
IMAGE: Debra White Dove Graciano, Manuela Yanez, Paulette Koch & Dana Koch DATE: 04/16/2021 ADDRESS: 120 Clarendon Ave. MARKET: Palm Beach ASSET TYPE: Single Family SELLER: Richard A. Graciano Jr. & Debra White Dove Graciano BUYER'S REP: Dana Koch & Paulette Koch - The Corcoran Group SELLER'S REP: Manuela Yanez - William Raveis South Florida PRICE: $24,000,000 SF: 9,413 ~ PPSF: $2,550

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,279,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,772.24
Annual Debt Service$1,365,266.93