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201 Ocean Terrace SFR In Palm Beach Sold By Carl Hj. Asplundh Jr. For $7.95M

Property Image
SOLD
$7,950,000
Crista Ryan
James (Jim) McCann
CJ

Florida

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Single Family Residence4,350 SF
Sold 02/16/2021
the dealplayerscompscontact
Property Image
SOLD

201 Ocean Terrace SFR In Palm Beach Sold By Carl Hj. Asplundh Jr. For $7.95M

201 Ocean Terrace, Palm Beach, FL, USA

See Similar Deals
Single Family Residence4,350 SF
Sold 02/16/2021
Crista Ryan
James (Jim) McCann
CJ
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,827
Total Square Footage:4,350 SF
Transaction Type:Sale

201 Ocean Terrace in Palm Beach has been sold for a price of $7,950,000. The single-family residential property spans over 4,350 square feet, resulting in a price per square foot of $1,828. The transaction took place on February 16, 2021.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $7,950,000
  • Address: 201 Ocean Terrace, Palm Beach
  • Market: Palm Beach
  • Buyer: 201 Ocean Terrace LLC
  • Seller: Carl Hj. Asplundh Jr.
  • Buyer's Representative: Crista Ryan - Tina Fanjul Associates
  • Seller's Representative: Jim McCann - Premier Estate Properties
  • Square Footage: 4,350
  • Price per Square Foot: $1,828

Crista Ryan of Tina Fanjul Associates represented the buyer, 201 Ocean Terrace LLC, in this transaction. Jim McCann of Premier Estate Properties acted as the seller's representative. The sale of this property marks a significant transaction in the Palm Beach market.

Players

James (Jim) McCann
Premier Estate Properties
James McCann
22 deals$541.1M volume(561) 307-1525
BROKER
Crista Ryan
Crista Ryan
6 deals$102M volume
BROKER
CJ
Carl Hj Asplundh Jr
2 deals$13.3M volume
SELLER

Details

SOLD
IMAGE: Crista Ryan & Jim McCann DATE: 02/16/2021 ADDRESS: 201 Ocean Terrace MARKET: Palm Beach ASSET TYPE: SFR BUYER: 201 Ocean Terrace LLC SELLER: Carl Hj. Asplundh Jr. BUYER'S REP: Crista Ryan - Tina Fanjul Associates SELLER'S REP: Jim McCann - Premier Estate Properties PRICE: $7,950,000 SF: 4,350 ~ PPSF: $1,828

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$424,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$28,244.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,687.06
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