Blair Kirwan Of Brown Harris Stevens Buys Land In Palm Beach For $7.65M
130 Seaspray Avenue
$7,650,000
$832/SF
Building Size
9,188 SF
Asset Type
Land
Closing
Mar 14, 2024
About this deal
AI
130 Seaspray Avenue in Palm Beach is a land property that was recently sold for $7,650,000. The transaction was facilitated by Blair Kirwan of Brown Harris Stevens representing the buyer and Christian Angle of Christian Angle Real Estate representing the seller. The property spans a total of 9,188 square feet.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $7,650,000
- Address: 130 Seaspray Avenue
- Market: Palm Beach
- Lot Size: 9,188 SF
- Price per square foot: $833
- Buyer's Representative: Blair Kirwan - Brown Harris Stevens
- Seller's Representative: Christian Angle - Christian Angle Real Estate
Blair Kirwan of Brown Harris Stevens acted as the buyer's representative in this transaction, while Christian Angle of Christian Angle Real Estate represented the seller. The deal for 130 Seaspray Avenue in Palm Beach was successfully closed on March 14, 2024.
On the Map
$7,650,000
$832/SF
Land
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Players
Palm Beach Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.07%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93