Marcia & Stephen F. Sullivan Sell Condo In Palm Beach For $10.77M
221 Royal Poinciana Way, Palm Beach, FL, USA
$10,770,000
$1,639/SF
Building Size
6,569 SF
Asset Type
—
Closing
Nov 6, 2020
About this deal
AI
This transaction involves a condo located at 221 Royal Poinciana Way, Palm Beach, with a sale price of $10,770,000. The property encompasses a total of 6,569 square feet, resulting in a price per square foot of $1,639.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $10,770,000
- Address: 221 Royal Poinciana Way, Palm Beach
- Square Footage: 6,569
- Price per Square Foot: $1,639
- Seller: Marcia & Stephen F. Sullivan
- Buyer's Representative: Todd Peter - Sotheby's Intl. Realty, Inc.
- Seller's Representative: Suzanne Trapani Frisbie - Premier Estate Properties
The transaction was facilitated by Todd Peter representing the buyer and Suzanne Trapani Frisbie acting on behalf of the sellers. Both representatives are affiliated with established real estate agencies that specialize in high-value property transactions.
On the Map
$10,770,000
$1,639/SF
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Players
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
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93