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Richard Kurtz's Kamson Corp. Sells Palm Beach Single Family For $32.1M With Buyer's Rep Dana Koch & Paulette Koch And Seller's Rep Jim McCann

Property Image
SOLD
$32,130,000
Paulette Koch
James (Jim) McCann
Dana Koch
+ 1

Florida

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Single Family Residence9,025 SF
Sold 04/14/2021
the dealplayerscompscontact
Property Image
SOLD

Richard Kurtz's Kamson Corp. Sells Palm Beach Single Family For $32.1M With Buyer's Rep Dana Koch & Paulette Koch And Seller's Rep Jim McCann

680 South Ocean Boulevard, Palm Beach, FL, USA

See Similar Deals
Single Family Residence9,025 SF
Sold 04/14/2021
Paulette Koch
James (Jim) McCann
Dana Koch
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$3,560
Total Square Footage:9,025 SF
Transaction Type:Sale

A single-family property located at 680 S Ocean Blvd in Palm Beach has been sold for $32,130,000. The transaction took place on April 14, 2021. The property spans approximately 9,025 square feet, resulting in a price per square foot of $3,560.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $32,130,000
  • Address: 680 S Ocean Blvd
  • Market: Palm Beach

The seller of the property was Richard Kurtz from Kamson Corp., while the buyer's representatives were Dana Koch and Paulette Koch from The Corcoran Group. The seller's representative in the deal was Jim McCann from Premier Estate Properties.

Players

James (Jim) McCann
Premier Estate Properties
James McCann
22 deals$541.1M volume(561) 307-1525
BROKER
Paulette Koch
The Corcoran Group
Paulette Koch
22 deals$545.2M volume
BROKER
Dana Koch
The Corcoran Group
Dana Koch
42 deals$1B volume
BROKER
RK
Richard Kurtz
2 deals$59.6M volume
SELLER

Details

SOLD
IMAGE: Jim McCann, Richard Kurtz, Paulette Koch & Dana Koch DATE: 04/14/2021 ADDRESS: 680 S Ocean Blvd MARKET: Palm Beach ASSET TYPE: Single Family SELLER: Richard Kurtz - Kamson Corp. BUYER'S REP: Dana Koch & Paulette Koch - The Corcoran Group SELLER'S REP: Jim McCann - Premier Estate Properties PRICE: $32,130,000 SF: 9,025 ~ PPSF: $3,560

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,713,600.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$114,151.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$152,312.59
Annual Debt Service$1,827,751.10