John J. Raymond Jr Acquires SFR In Palm Beach For $14M
SOLD
$14,000,000
Florida
See Similar DealsSingle Family Residence51,000 SF
Sold 06/18/2020
SOLD
John J. Raymond Jr Acquires SFR In Palm Beach For $14M
1632 S Ocean Blvd, Palm Beach, FL 33480, USA
See Similar DealsSingle Family Residence51,000 SF
Sold 06/18/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$274
Total Square Footage:51,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$746,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71
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