Updated Sep 5, 2024
Sir Peter Wood Sells Palm Beach Residential Land For $6.9M
127 El Bravo Way, Palm Beach, FL, USA
$6,898,000
$313/SF
Building Size
22,000 SF
Asset Type
Development Site
Closing
Dec 29, 2020
About this deal
AI
A residential land located at 127 El Bravo Way in Palm Beach was sold on December 30, 2020. The property, spanning 0.51 acres, was sold for a price of $6,898,000. The transaction involved Sir Peter Wood as the seller.
Summary of transaction details
- Property Type: Land (Residential)
- Transaction Amount: $6,898,000
- Address: 127 El Bravo Way, Palm Beach
- Market: Palm Beach
- Acres: 0.51
The buyer in this transaction was represented by Linda Siegfried from Linda A. Gary Real Estate. Christian Angle from Christian Angle Real Estate acted as the seller's representative.
Players
Palm Beach Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
About $313 per square foot on a published $6.9M for 22,000 square feet (2020).
Visit Christian Angle to view all their deals.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93