Anthony & Lynda Lomangino Acquire Palm Beach SFR For $10M
SOLD
$10,000,000
Florida
See Similar DealsSingle Family Residence6,067 SF
Sold 04/02/2020
SOLD
Anthony & Lynda Lomangino Acquire Palm Beach SFR For $10M
1742 South Ocean Boulevard, Palm Beach, FL, USA
See Similar DealsSingle Family Residence6,067 SF
Sold 04/02/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,648
Total Square Footage:6,067 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
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