Rachel Uchitel Acquires SFR In Palm Beach Gardens For $2.59M
8725 Man O War Road
$2,590,000
$784/SF
Building Size
3,300 SF
Asset Type
Co-Op
Closing
Dec 22, 2022
AI
Rachel Uchitel has purchased a single-family home located at 8725 Man O War Road in Palm Beach Gardens. The property, spanning 3,300 square feet, was sold for $2,590,000, resulting in a price per square foot of $785.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $2,590,000
- Address: 8725 Man O War Road, Palm Beach Gardens
- Market: Palm Beach Gardens
Representing the buyer, Rachel Uchitel secured the property with the assistance of Jennifer Leong, Principal of The Opulent Group and Director of Caribbean Developments with ONE Sotheby’s International Realty. On the other side, Adam Markovich and Brienne Dineen were represented by Alexis Contreras from ONE Sotheby’s International Realty.
Players
Palm Beach Gardens Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.12%
Cash-on-Cash
-1.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93