Updated Oct 29, 2024
Merrill Mahoney Trust LLC Acquires Palm Beach SFR From Hildegarde Mahoney
1296 South Ocean Boulevard, Palm Beach, FL, USA
$40,000,000
$3,236/SF
Building Size
12,358 SF
Asset Type
Single Family Residence
Closing
Mar 8, 2020
About this deal
AI
The property asset involved in this transaction is a single-family residence located at 1296 South Ocean Boulevard in Palm Beach. The property spans 12,358 square feet and was sold for a price of $40,000,000. The buyer is Merrill Mahoney Trust LLC and the seller is Hildegarde Mahoney.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $40,000,000
- Date: 03/09/2020
- Address: 1296 South Ocean Boulevard
- Market: Palm Beach
- Square Footage: 12,358
Notable individuals involved in this deal include Hildegarde Mahoney as the seller and Merrill Mahoney Trust LLC as the buyer. The transaction represents a significant sale in the Palm Beach market, highlighting the attractiveness of the property and the buyers' interest. The price per square foot for this transaction is approximately $3,236.
Players
Boca Raton 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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93