Arnold Fisher Acquires Palm Beach SFR For $7.15M From Seller ShadowCorp Holdings
SOLD
$7,150,000
Florida
See Similar DealsDevelopment Site4,592 SF
Sold 03/20/2019
SOLD
Arnold Fisher Acquires Palm Beach SFR For $7.15M From Seller ShadowCorp Holdings
226 Kenlyn Road, Palm Beach, FL, USA
See Similar DealsDevelopment Site4,592 SF
Sold 03/20/2019
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$1,557
Total Square Footage:4,592 SF
Transaction Type:Sale
On 03/20/2019, a single-family residential property located at 226 Kenlyn Road in Palm Beach, Miami, was sold for $7,150,000. The property spans across 4,592 square feet, resulting in a price per square foot of $1,557.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $7,150,000
- Address: 226 Kenlyn Road, Palm Beach, Miami
- Market: Palm Beach
- City: Miami
- Square Footage: 4,592
The buyer of the property was Arnold Fisher from Fisher Brothers, while the seller was ShadowCorp Holdings.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$381,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,402.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,894.65
Annual Debt Service$406,735.77
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