Chabad House Of Northern Palm Beach Acquires Land In Palm Beach For $5.2M
204 Royal Palm Way, Palm Beach, FL, USA
$5,200,000
$713/SF
Building Size
7,291 SF
Asset Type
—
Closing
Sep 17, 2021
About this deal
AI
The Chabad House of Northern Palm Beach, represented by Rabbi Zalman Levitin, acquired a land property in Palm Beach for a sale price of $5,200,000. The property, located at 204 Royal Palm Way, offers a promising opportunity for development.
Summary of transation details
- Property Type: Land
- Transaction Amount: $5,200,000
- Date: 09/17/2021
- Market: Palm Beach
Todd Michael Glaser served as the seller in this transaction. The Chabad House of Northern Palm Beach, under the leadership of Rabbi Zalman Levitin, made an astute decision to acquire this land, potentially paving the way for future development opportunities in Palm Beach. The sale marks a significant step for both parties involved.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93