Phillip Ragon Of InterSystems Acquires 287, 291 & 299 Ocean Blvd, Golden Beach For $90M
287 Ocean Boulevard, Golden Beach, Florida 33160, United States
$90,000,000
$5,721/SF
Building Size
15,731 SF
Asset Type
Single Family Residence
Closing
Jun 7, 2022
AI
Three parcels of land located at 287, 291, and 299 Ocean Boulevard in Golden Beach have been sold in a recent transaction. The total size of the property is approximately 1.7 acres, making it an attractive investment opportunity in the area.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $90,000,000 (Approx.)
- Property Size: 1.7 acres
- Square Footage: 15,731
- Price per Square Foot: $5,721
- Market: Golden Beach
The buyer of these properties is Phillip Ragon, representing InterSystems. The seller is comprised of multiple parties including B. Mitchell and Lori Grabois, Silverlane Realty LLC, and Bruce Weber and Nan Bush. The buyer's representatives in this transaction are Eloy Carmenate and Mick Duchon from Corcoran, while the seller is represented by Danny Hertzberg and Jonathan Mann from The Jills Zeder Group - Coldwell Banker, and Pablo Alfaro from Douglas Elliman.
Players
Golden Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93