Dana Koch Of The Corcoran Group Represents Buyer In $26.67M Palm Beach Single Family Sale
240 North Ocean Boulevard
$26,670,750
$3,495/SF
Building Size
7,630 SF
Asset Type
Single Family Residence
Closing
Apr 14, 2025
AI
The property involved in this transaction is a single-family residence located at 240 North Ocean Boulevard in the Palm Beach market. The sale price of the property was $26,670,750, encompassing a total square footage of 7,630. The price per square foot is calculated at $3,495.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $26,670,750
- Address: 240 North Ocean Boulevard
- Market: Palm Beach
- Square Footage: 7,630
- Price per Square Foot: $3,495
- Buyer's Representative: Dana Koch - The Corcoran Group
- Seller's Representatives: Jack Rooney - Douglas Elliman; Elizabeth DeWoody - Compass
The individuals involved in this transaction include Dana Koch representing the buyer, while Jack Rooney and Elizabeth DeWoody represented the seller. Each representative is affiliated with their respective agencies, showcasing the collaborative effort among multiple real estate firms in this sale.
Players
Palm Beach 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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93