SOLD
Mark Bellissimo Acquires Condo In Wellington From Neil Hirsch For $18M
3410 S Shore Blvd, Wellington, FL, USA
$18,000,000
$75/SF
Building Size
239,580 SF
Asset Type
—
Closing
Jun 2, 2020
AI
A condo in Wellington was recently sold for $18,000,000. The transaction took place on 06/02/2021. The condo is situated on 5.5 acres of land, resulting in a price per acre of approximately $3,272,727.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $18,000,000
- Market: Wellington
- Acres: 5.5
- Price Per Acre: $3,272,727
The buyer of the condo was Mark Bellissimo, while the seller was Neil Hirsch of the BlackWatch Polo Team.
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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93