WPB Investments 1 Buys Palm Beach Single Family Home For $51.25M
200 South Ocean Boulevard
$51,250,000
$8,807/SF
Building Size
5,819 SF
Asset Type
Single Family
Closing
May 8, 2024
AI
The single-family property located at 200 South Ocean Boulevard in Palm Beach, spanning 0.9 acres, was sold for $51,250,000. Former CEO and president of Academy Sports & Outdoors, David Gochman, along with Becky Gochman, were the sellers of this 5,819-square-foot residence. The property was initially listed for $59 million back in February.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $51,250,000
- Buyer: WPB Investments 1
- Seller: Becky Gochman & David Gochman
- Buyer's Representative: Derek Olsen & Phatavanh Olsen - Douglas Elliman
- Seller's Representative: James McCann - Premier Estate Properties
The purchasing entity behind this transaction was WPB Investments 1, managed by attorney Bradley McPherson, acquiring the luxurious property from the Gochmans. Handling the deal on behalf of the buyer were Derek Olsen and Phatavanh Olsen from Douglas Elliman, while James McCann from Premier Estate Properties represented Becky and David Gochman in the sale.
Players
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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93