John J. Raymond Jr Acquires SFR In Palm Beach For $14M
1632 S Ocean Blvd, Palm Beach, FL 33480, USA
$14,000,000
$274/SF
Building Size
51,000 SF
Asset Type
Single Family Residence
Closing
Jun 17, 2020
AI
The property at 1632 South Ocean Blvd in Palm Beach has been sold for $14,000,000. This single-family residence spans 5,100 square feet and is located in a desirable area.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $14,000,000
- Address: 1632 South Ocean Blvd
- Market: Palm Beach
John J. Raymond Jr has purchased the property from Maurice Pinsonnault, who represented AngelCare Inc as the seller. The deal was facilitated by Ashley Oneil from Brown Harris Stevens and Arnie Braman from Illustrated Properties.
Players
Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93