ECI Capital Acquires Condo In Palm Beach For $13.5M With Seth Greenberg & Benjamin Engel Involvement
SOLD
$13,500,000
Florida
See Similar Deals2,895 SF
Sold 06/25/2022
SOLD
ECI Capital Acquires Condo In Palm Beach For $13.5M With Seth Greenberg & Benjamin Engel Involvement
300 Seminole Avenue, Palm Beach, Florida 33480, United States
See Similar Deals2,895 SF
Sold 06/25/2022
Summary
FLORIDA
Price Per Square Foot:$4,663
Total Square Footage:2,895 SF
Transaction Type:Sale
Located at 300 Seminole Ave 6C in Palm Beach, this condo property has recently been sold in a closed transaction. The property features a spacious area of 2,895 square feet and is situated in a vibrant market.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $13,500,000
- Sale Price per Square Foot: $4,663
The buyer of this property, ECI Capital, was represented by Seth Greenberg and Benjamin Engel. On the other hand, Nancy Shevell McCartney and Susan Shevell Cohen acted as the sellers in this deal.
This transaction took place on June 25, 2022 and involved notable individuals such as Benjamin Engel, Nancy Shevell McCartney, and Seth Greenberg. The involvement of these individuals adds significance to the deal and showcases the active participation of reputable individuals in the real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$720,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65
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