Orthodox Synagogue Corp. Acquires Mixed-Use Property On Palm Beach For $7.15M
132 North County Road, Palm Beach, FL, USA
$7,150,000
$835/SF
Building Size
8,554 SF
Asset Type
Mixed-use
Closing
Apr 29, 2021
About this deal
AI
Located at 132 N. County Road in Palm Beach, this mixed-use property was recently sold in a closed transaction. The asset spans 8,554 square feet and was sold for a price of $7,150,000, resulting in a price per square foot of $836. The sale took place on April 30, 2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $7,150,000
- Square Footage: 8,554
- Market: Palm Beach
The buyer of the property was the Orthodox Synagogue Corp., represented by Rabbi Mosche Scheiner. The seller was Maudelonde Enterprises Inc. Suzanne Frisbie from Premier Estate Properties served as the buyer's representative in the transaction, while Martin List from The List Cos represented the seller.
Players
Palm Beach Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.22%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93