John J Raymond Jr Acquires Condo Unit In West Palm Beach For $4.7M
2649 Lake Drive, West Palm Beach, Florida, USA
$4,700,000
$5,662/SF
Building Size
830 SF
Asset Type
—
Closing
Oct 26, 2021
AI
The property involved in this closed transaction is a condo unit located at 2649 Lake Dr, West Palm Beach, FL. It has an area of 830 square feet. The sale took place on October 27, 2021. The buyer, John J Raymond Jr, purchased the property from the seller, Texas Aquatic Harvesting Inc, for a total price of $4,700,000. The price per square foot for this transaction is approximately $5,663.
Summary of transaction details
- Property Type: Condo Unit
- Transaction Amount: $4,700,000
- Address: 2649 Lake Dr, West Palm Beach, FL
- Buyer: John J Raymond Jr
- Seller: Texas Aquatic Harvesting Inc
- Square Footage: 830
- Price per Square Foot: $5,663
This transaction involves the purchase of the condo unit by John J Raymond Jr from Texas Aquatic Harvesting Inc. The buyer and seller agreed to a price of $4,700,000, with a price per square foot of $5,663 for the 830 square foot property.
Players
West 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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93