Patrick McGrath Acquires SFR In Highland Beach From Paul Davis For $2.75M
3632 South Ocean Boulevard
$2,750,000
$789/SF
Building Size
3,484 SF
Asset Type
Single Family Residence
Closing
Feb 9, 2023
AI
A single-family home located at 3632 South Ocean Boulevard in Highland Beach has been sold for $2,750,000. The property spans a total of 3,484 square feet, resulting in a price per square foot of $789. The transaction took place on February 9, 2023.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $2,750,000
- Address: 3632 South Ocean Boulevard
- Market: Highland Beach
Danielle Stern and Matthew M. Bachrad, representing William Raveis Real Estate, served as the brokers in this transaction. Notably, @yourluxurylisting represented both the buyer, Patrick McGrath, and the seller, Paul Davis. For any real estate needs in the Boca Raton to Palm Beach and New York City areas, please contact @yourluxurylisting at their website https://yourluxurylisting.com/.
Players
Market 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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93