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8725 Man O War Road

Rachel Uchitel Acquires SFR In Palm Beach Gardens For $2.59M
SOLDCo-Op

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

Alexis contreras

Broker

$3.7M

vol

2 deals

Broker

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