FINANCED
Icon Realty Capital Acquires Condo In Palm Beach For $25.16M
150-206 Inlet Way, Palm Beach Shores, Palm Beach, FL, USA
$25,160,000
$6,070/SF
Building Size
4,145 SF
Asset Type
—
Closing
Aug 12, 2021
AI
The property involved in this closed transaction is a condo located at 150-206 Inlet Way in Palm Beach. The asset is owned by Icon Realty Capital, represented by Anthony Shafer. The transaction was facilitated by Construction Loan Services II.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $25,160,000
- Address: 150-206 Inlet Way, Palm Beach
- Market: Palm Beach
- Landlord: Icon Realty Capital - Anthony Shafer
- Broker: Construction Loan Services II
The loan amount for this transaction is $25,160,000.
Players
Palm Beach Shores CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93