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1840 South Ocean Boulevard

Vincent Spadea Of Douglas Elliman Represents Buyer In Lantana Single Family Sale For $23.5M
SOLDSingle Family Residence

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:

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

Gary Pohrer

Serhant

Broker

$1.1B

vol

45 deals

Broker

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