Peter Brant Acquires $46.75M SFR On Palm Beach's Ocean Blvd From Robert S. Taubman
SOLD
Florida
See Similar DealsSingle Family Residence19,068 SF
Sold 05/21/2020
SOLD
Peter Brant Acquires $46.75M SFR On Palm Beach's Ocean Blvd From Robert S. Taubman
1820 S Ocean Blvd, Lantana, FL 33462, USA
See Similar DealsSingle Family Residence19,068 SF
Sold 05/21/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,451
Total Square Footage:19,068 SF
Transaction Type:Sale
A single-family residential property located at 1820 S. Ocean Blvd in Palm Beach has been sold in a closed transaction. The property spans across 19,068 square feet and was sold for a price of $46,750,000, resulting in a price per square foot of $2,452.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $46,750,000
- Square Footage: 19,068
- Price per Square Foot: $2,452
- Address: 1820 S. Ocean Blvd
- Market: Palm Beach
Peter Brant is the buyer of the property, while Robert S. Taubman is the seller. The deal was facilitated by Lawrence Moens from Lawrence A. Moens Associates, who represented the parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,493,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$166,092.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$221,618.85
Annual Debt Service$2,659,426.21
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