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Blair Kirwan Of Brown Harris Stevens Buys Land In Palm Beach For $7.65M
SOLD
$7,650,000
Florida
See Similar DealsLand9,188 SF
Sold 03/14/2024
SOLD
Blair Kirwan Of Brown Harris Stevens Buys Land In Palm Beach For $7.65M
130 Seaspray Avenue
See Similar DealsLand9,188 SF
Sold 03/14/2024
Summary
FLORIDA
Asset Type:Land
Price Per Square Foot:$832
Total Square Footage:9,188 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$408,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,178.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,264.90
Annual Debt Service$435,178.83
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