Updated Dec 21, 2023
Steven Schonfeld Acquires Sydell Miller's Palm Beach SFR For $105M
1415 South Ocean Boulevard, Palm Beach, FL, USA
$105,000,000
$3,000/SF
Building Size
35,000 SF
Asset Type
Single Family Residence
Closing
Dec 2, 2019
About this deal
AI
Located at 1415 South Ocean Boulevard in Palm Beach, this single-family residential property was recently sold in a closed transaction. The property spans an impressive 35,000 square feet and is situated in an upscale market. The transaction took place on December 3, 2019.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $105,000,000
- Price per Square Foot: $3,000
- Seller: Sydell Miller
- Buyer: Steven Schonfeld
Representing the seller in this transaction was Sydell Miller. The buyer, on the other hand, was Steven Schonfeld.
Players
Boca Raton Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $3K per square foot on a published $105M for 35,000 square feet (2019).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93