Jill A. Green Acquires Land On Cove Ln In North Palm Beach For $3.5M
2103 Cove Ln, North Palm Beach, FL, USA
$3,500,000
$1,698/SF
Building Size
2,061 SF
Asset Type
—
Closing
Oct 17, 2021
About this deal
AI
The land located at 2103 Cove Ln in North Palm Beach has been sold for $3,500,000. The property is situated in a prime location and offers great potential for development.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $3,500,000
- Buyer: Jill A. Green
- Seller: Betsy Pascal
- Market: North Palm Beach
Jill A. Green has acquired the land at 2103 Cove Ln from Betsy Pascal. This transaction underscores the active real estate market in North Palm Beach. It will be interesting to see how Jill A. Green utilizes this prime piece of land for future development.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93