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Corcoran Group Acquires Palm Beach Single Family Home For $15.2M

Property Image
SOLD
$15,200,000
Linda Olsson
Paulette Koch
Dana Koch

Florida

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Single Family6,030 SF
Sold 08/17/2021
the dealplayerscompscontact
Property Image
SOLD

Corcoran Group Acquires Palm Beach Single Family Home For $15.2M

Palm Beach, FL, USA

See Similar Deals
Single Family6,030 SF
Sold 08/17/2021
Linda Olsson
Paulette Koch
Dana Koch
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2,520
Total Square Footage:6,030 SF
Transaction Type:Sale

A single-family property in Palm Beach, Florida has been sold for a price of $15,200,000. The property spans over 6,030 square feet, resulting in a price per square foot of $2,521. The transaction took place on August 17, 2021, involving the seller, Susan G. and Christopher Pappas.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $15,200,000
  • Square Footage: 6,030
  • Price Per Square Foot: $2,521
  • Date: 08/17/2021
  • Seller: Susan G. & Christopher Pappas

Dana Koch and Paulette Koch of the Corcoran Group represented the buyer in this transaction. On the seller's side, Linda Olsson of Linda R. Olsson Inc. Realtor served as the seller's representative. This successful sale highlights the involvement of prominent individuals and companies in the real estate market of Palm Beach.

Players

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
Linda Olsson
Linda R. Olsson
Linda Olsson
10 deals$131.1M volume
BROKER

Details

SOLD
IMAGE: Linda Olsson, Dana Koch & Paulette Koch DATE: 08/17/2021 MARKET: Palm Beach ASSET TYPE: Single Family SELLER: Susan G. & Christopher Pappas BUYER'S REP: Dana Koch and Paulette Koch of the Corcoran Group SELLER'S REP: Linda Olsson - Linda R. Olsson Inc. Realtor SALE PRICE: $15,200,000 SF: 6,030 ~ PPSF: $2,521

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

$810,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$54,002.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$72,055.75
Annual Debt Service$864,669.06