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
$13,500,000
$4,663/SF
Building Size
2,895 SF
Asset Type
—
Closing
Jun 24, 2022
About this deal
AI
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.
On the Map
$13,500,000
$4,663/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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93