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
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.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93