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Valor Capital Group Acquires Palm Beach Townhouse For $7.5M

Property Image
SOLD
$7,500,000

Florida

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Other5,517 SF
Sold 02/28/2022
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Property Image
SOLD

Valor Capital Group Acquires Palm Beach Townhouse For $7.5M

10 Sloans Curve Drive, Palm Beach, Florida 33480, United States

See Similar Deals
Other5,517 SF
Sold 02/28/2022
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Summary

FLORIDA
Asset Type:Other
Price Per Square Foot:$1,359
Total Square Footage:5,517 SF
Transaction Type:Sale

Located in Palm Beach, the townhouse at 10 Sloans Curve Drive Unit 10 has been sold in a recent transaction. The property offers 5,517 square feet of space and features a modern design. The sale took place on 02/28/2022.

Summary of transaction details:

  • Property Type: Townhouse
  • Transaction Amount: $7,500,000
  • Address: 10 Sloans Curve Drive Unit 10
  • Market: Palm Beach

The buyer, Barbara Sobel, and Clifford M. Sobel from Valor Capital Group acquired the property. They were represented by Fern Fodiman of Sotheby’s International Realty. The seller, Peter Harvey, acted as the Trustee of the Harvey Revocable Trust.

The townhouse boasts a spacious interior and a prime location in Palm Beach. With a sale price of $7,500,000, the property offers a comfortable and stylish living space. The transaction was facilitated by Fern Fodiman of Sotheby’s International Realty, who represented the buyer's interests in the deal.

Players

Fern Fodiman
2 deals$14.9M volume
BROKER

Details

SOLD
IMAGE: Fern Fodiman, Clifford M. Sobel & Peter Harvey DATE: 02/28/2022 ADDRESS: 10 Sloans Curve Drive Unit 10 MARKET: Palm Beach ASSET TYPE: Townhouse BUYER: Barbara Sobel; Clifford M. Sobel - Valor Capital Group SELLER: Peter Harvey - Trustee of the Harvey Revocable Trust BROKER: Fern Fodiman - Sotheby’s International Realty SALE PRICE: $7,500,000 SF: 5,517 ~ PPSF: $1,359

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$400,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
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