SOLDMixed-use
Gail Conigio & John H. Surovek Sell Mixed-Use Property On Palm Beach For $7.15M
283 Royal Poinciana Way, Palm Beach, FL, USA
$7,150,000
$614/SF
Building Size
11,640 SF
Asset Type
Mixed-use
Closing
Mar 15, 2021
About this deal
AI
Gail Conigio and John H. Surovek have sold a mixed-use property located at 283 Royal Poinciana Way in Palm Beach. The property was sold for a price of $7,150,000. It spans across 11,640 square feet, resulting in a price per square foot of $614.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $7,150,000
- Address: 283 Royal Poinciana Way
- Market: Palm Beach
- Seller: Gail Conigio & John H. Surovek
Gail Conigio and John H. Surovek were the sellers in this transaction.
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