Caryl L Kourgelis & James T Kourgelis Acquire Condo In North Palm Beach, FL For $3.65M
2 Water Club Way, North Palm Beach, Florida 33408, United States
$3,650,000
$1,225/SF
Building Size
2,979 SF
Asset Type
—
Closing
Feb 23, 2022
About this deal
AI
The property involved in this transaction is a condominium located at 2 Water Club Way, North Palm Beach, FL. The condo has a total square footage of 2,979. The sale took place on February 24, 2022. The buyer of the property is Caryl L Kourgelis & James T Kourgelis, and the seller is Levine Edward L. The transaction price for this condo was $3,650,000, resulting in a price per square foot of $1,225.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,650,000
- Address: 2 Water Club Way, North Palm Beach, FL
- Square Footage: 2,979
- Buyer: Caryl L Kourgelis & James T Kourgelis
- Seller: Levine Edward L
The individuals involved in this deal are Caryl L Kourgelis & James T Kourgelis as the buyers and Levine Edward L as the seller.
Players
North Palm Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93