Updated Oct 29, 2024
1330 South Ocean LLC Acquires SFR In Palm Beach For $40.7M
1330 S Ocean Blvd, Palm Beach, FL, USA
$40,668,000
$2,765/SF
Building Size
14,704 SF
Asset Type
Single Family Residence
Closing
Jan 21, 2021
About this deal
AI
A single-family residence located at 1330 S. Ocean Blvd in Palm Beach has been sold for a total of $40,668,000. The property, with a size of 14,704 square feet, was purchased by 1330 South Ocean LLC. It was sold by Isabelle & Gerald Herz. The transaction took place on January 22, 2021. The sale price per square foot was $2,766.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $40,668,000
- Address: 1330 S. Ocean Blvd
- Market: Palm Beach
Linda Gary, from Linda A. Gary Real Estate, represented the seller, Isabelle & Gerald Herz, in the deal. Lawrence Moens, from Lawrence A. Moens Associates, acted as the buyer's representative for 1330 South Ocean LLC.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93