Updated Dec 4, 2024
Palm Beach Family Holdings Inc Acquires Single Family Home At 280 N. Ocean Blvd. In Palm Beach For $32.66M
280 North Ocean Boulevard
$32,660,000
$2,725/SF
Building Size
11,982 SF
Asset Type
Single Family
Closing
Oct 25, 2023
About this deal
AI
A Palm Beach property located at 280 N. Ocean Blvd. has been sold for $32.66 million. This single-family home spans across 11,982 square feet and has a price per square foot of $2,726. The property is situated in the desirable Palm Beach market.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $32,660,000
- Square Footage: 11,982
- Price Per Square Foot: $2,726
- Address: 280 North Ocean Boulevard, Palm Beach
The buyer of the property is Palm Beach Family Holdings Inc. On the other hand, the seller is Pnina Apolonia Weisfisch and Rami Yoram Weisfisch. Although 99% ownership of the property has been transferred to a British Virgin Islands corporation by Rami Yoram Weisfisch, his wife, Pnina Apolonia Weisfisch, retains 1% ownership and lifelong residence rights.
Players
Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2.7K per square foot on a published $32.7M for 11,982 square feet (2023).
Browse Palm Beach single family sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93