Vincent Spadea Of Douglas Elliman Represents Buyer In Lantana Single Family Sale For $23.5M
1840 South Ocean Boulevard
$23,500,000
$1,958/SF
Building Size
12,000 SF
Asset Type
Single Family Residence
Closing
Nov 26, 2024
AI
The property involved in this transaction is a single-family home located at 1840 South Ocean Boulevard in Lantana. The sale price of the asset was $23,500,000, and the property encompasses a total of 12,000 square feet, resulting in a price per square foot of $1,958.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $23,500,000
- Address: 1840 South Ocean Boulevard
- Market: Lantana
- Square Footage: 12,000
- Price Per Square Foot: $1,958
- Buyer's Representative: Vincent Spadea - Douglas Elliman
- Seller's Representatives: Nicholas Malinosky & Gary Pohrer - Douglas Elliman
Vincent Spadea represented the buyer in this transaction, while the seller was represented by Nicholas Malinosky and Gary Pohrer, both affiliated with Douglas Elliman. This structured representation highlights the collaborative efforts of the brokerage in facilitating the sale.
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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93