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315 Cocoanut Row Palm Beach...

Virginia Commander Knott Acquires Palm Beach Property For $14 Million
SOLDSingle Family Residence

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

Gary Pohrer

Serhant

Broker

$1.1B

vol

43 deals

Broker

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