Peter Brant Acquires $46.75M SFR On Palm Beach's Ocean Blvd From Robert S. Taubman
1820 S Ocean Blvd, Lantana, FL 33462, USA
$46,750,000
$2,451/SF
Building Size
19,068 SF
Asset Type
Single Family Residence
Closing
May 20, 2020
AI
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.
Players
Lantana 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93