1540S Ocean LLC Acquires SFR In Palm Beach For $10.5M With Brokers John C. Campbell & Thor Brown
1540 S Ocean Blvd, Palm Beach, FL, USA
$10,500,000
$2,920/SF
Building Size
3,595 SF
Asset Type
Single Family Residence
Closing
Feb 11, 2021
AI
A single-family residential property located at 1540 S. Ocean Blvd in Palm Beach has recently been sold for a price of $10,500,000. The property spans over 3,595 square feet, resulting in a price per square foot of $2,921.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $10,500,000
- Address: 1540 S. Ocean Blvd
- Market: Palm Beach
The buyer of the property is 1540S Ocean LLC. The transaction was facilitated by brokers John C. Campbell and Thor Brown from The Corcoran Group.
Note: No additional information regarding the property or the deal was provided.
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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93