Updated Dec 4, 2024
Cocoanut Row LP Acquires Single Family In Palm Beach For $16.85M
130 Cocoanut Row
$16,850,000
$2,912/SF
Building Size
5,786 SF
Asset Type
Single Family
Closing
Jun 14, 2024
About this deal
AI
A single-family property located at 130 Cocoanut Row in Palm Beach was sold for $16,850,000. The 5,786-square-foot house sits on 0.33 acres, featuring six bedrooms, a second-floor veranda, and a two-car garage with a guest apartment.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $16,850,000
- Address: 130 Cocoanut Row
- Market: Palm Beach
- Square Footage: 5,786
- Price per Square Foot: $2,912
Cocoanut Row LP acquired the property from Tanzania Michael Retzer Sr. The buyer was represented by Jennifer Stepan Beqaj from Linda R. Olsson, while the seller was represented by Christian Angle from Christian Angle Real Estate.
On the Map
$16,850,000
$2,912/SF
Single Family
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Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93