Virginia Commander Knott Acquires Palm Beach Property For $14 Million
315 Cocoanut Row Palm Beach, FL 33480, USA
$14,000,000
$3,111/SF
Building Size
4,500 SF
Asset Type
Single Family Residence
Closing
May 19, 2023
AI
A 4,500-square-foot single family property in Palm Beach has been sold for $14 million. The property, located at 315 Cocoanut Row and close to Worth Avenue, features five bedrooms, a pool, and a cabana. The transaction took place between surgeon Dr. Jerry Lubliner and his wife Melissa Lynn Schorr, who were the sellers, and Virginia Commander Knott, the buyer.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $14,000,000
- Address: 315 Cocoanut Row
- Market: Palm Beach
- Square Footage: 4,500
The buyer, Virginia Commander Knott, was represented by Gary Pohrer from Douglas Elliman, while the seller, Dr. Jerry Lubliner and Missy Lubliner, were represented by Ashley Deflin McIntosh and Christopher Leavitt from Douglas Elliman.
It is worth noting that the property had undergone renovations before the sale, and it is situated in a desirable location near Worth Avenue.
Players
Miami 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93