Updated Dec 19, 2023
Gary Pohrer, Paulette Koch, & Dana Koch Acquire Palm Beach SFR For $22.75M
936 North Lake Way, Palm Beach, FL, USA
$22,750,000
$2,523/SF
Building Size
9,015 SF
Asset Type
Single Family Residence
Closing
Dec 28, 2020
About this deal
AI
Located in Palm Beach, the property at 936 N. Lake Way recently changed hands in a closed transaction. The single-family residential (SFR) asset was sold by Barbara Stern. The sale was facilitated by Gary Pohrer of Douglas Elliman Real Estate, while the buyer, Paulette Koch and Dana Koch, was represented by The Corcoran Group. The transaction took place on December 29, 2020.
Summary of transaction details
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $22,750,000
- Address: 936 N. Lake Way
- Market: Palm Beach
- Seller: Barbara Stern
- Buyer's Rep: Paulette Koch & Dana Koch - The Corcoran Group
- Seller's Rep: Gary Pohrer - Douglas Elliman Real Estate
- Square Footage: 9,015
- Price per Square Foot: $2,524
The transaction involving 936 N. Lake Way in Palm Beach saw Barbara Stern selling the property to the buyer represented by Paulette Koch and Dana Koch. Gary Pohrer of Douglas Elliman Real Estate acted as the seller's representative. This deal, with a total price tag of $22,750,000 and a property size of 9,015 square feet, highlights the collaborative efforts of key individuals and companies in the real estate market.
Players
Palm Beach 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
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93