Updated Dec 21, 2023
The Corcoran Group Acquires Palm Beach Single Family Home On Clarendon Ave. For $24M
120 Clarendon Ave, Palm Beach, FL, USA
$24,000,000
$2,549/SF
Building Size
9,413 SF
Asset Type
Single Family Residence
Closing
Apr 15, 2021
About this deal
AI
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
Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93