Updated Dec 21, 2023
Anthony & Lynda Lomangino Acquire Palm Beach SFR For $10M
1742 South Ocean Boulevard, Palm Beach, FL, USA
$10,000,000
$1,648/SF
Building Size
6,067 SF
Asset Type
Single Family Residence
Closing
Apr 1, 2020
About this deal
AI
A single-family residence located at 1742 South Ocean Boulevard in Palm Beach has been sold for $10,000,000. The property, with a total area of 6,067 square feet, was purchased by Anthony and Lynda Lomangino from Gunther E. Lehmann. The sale price per square foot amounts to $1,648.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $10,000,000
- Date: 04/02/2020
- Seller: Gunther E. Lehmann
- Buyer: Anthony & Lynda Lomangino
- Market: Palm Beach
Anthony and Lynda Lomangino acquired the property at 1742 South Ocean Boulevard, Palm Beach. Gunther E. Lehmann represented the seller in this transaction.
On the Map
$10,000,000
$1,648/SF
Single Family Residence
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Boca Raton Single Family Residence Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93