Updated Sep 5, 2024
Sotheby's Intl. Realty, Inc. Acquires SFR On Palm Beach
1556 N Ocean Blvd, Palm Beach, FL 33480, USA
$7,150,000
$152/SF
Building Size
46,820 SF
Asset Type
Single Family Residence
Closing
Sep 10, 2020
About this deal
AI
The recently closed property transaction in Palm Beach involved a Single Family Residence located at 1556 N Ocean Blvd. With a living space of 4,682 square feet, the property was sold for a price of $7,150,000, resulting in a price per square foot of $1,527.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $7,150,000
- Market: Palm Beach
- Square Footage: 4,682
The buyer, represented by Robert Goodnough from Sotheby's International Realty, Inc., and the seller, represented by Christian Angle from Christian Angle Real Estate, facilitated the successful closing of this transaction.
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
2.22%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93