Vincent Spadea Of Douglas Elliman Represents Buyer In $30.8M Sale At 322 Clarke Avenue
322 Clarke Avenue
$30,795,250
$3,873/SF
Building Size
7,950 SF
Asset Type
MultiFamily
Closing
Dec 12, 2024
AI
The property asset involved in the transaction is a single-family home located at 322 Clarke Avenue in the Palm Beach market. It was sold for a total price of $30,795,250. The residence encompasses a total square footage of 7,950, equating to a price per square foot of $3,873.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $30,795,250
- Address: 322 Clarke Avenue
- Market: Palm Beach
- Square Footage: 7,950
- Price per Square Foot: $3,873
- Buyer's Representative: Vincent (Vince) Spadea - Douglas Elliman
- Seller's Representative: Christian Angle
The transaction was facilitated by Vincent (Vince) Spadea representing the buyer from Douglas Elliman and Christian Angle representing the seller. Their roles were pivotal in executing the deal within the Palm Beach market.
Palm Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93