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Carolyn Nachmias & Elizabeth R Kanieczny Acquire Other Vacant Property In Lake Worth, FL For $40M

Property Image
SOLD
$40,000,000
SS
CN

Florida

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SOLD

Carolyn Nachmias & Elizabeth R Kanieczny Acquire Other Vacant Property In Lake Worth, FL For $40M

1260 South Ocean Boulevard, Lake Worth, Florida 33462, United States

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Other
Sold
SS
CN
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Summary

FLORIDA
Asset Type:Other
Transaction Type:Sale

The property involved in this closed transaction is an other vacant asset located at 1260 S Ocean Blvd in Lake Worth, FL. The property was sold on 03/28/2022.

Summary of transaction details:

  • Property Type: Other Vacant
  • Transaction Amount: $40,000,000
  • Address: 1260 S Ocean Blvd, Lake Worth, FL
  • Market: Lake Worth, FL

The buyers in this deal are Carolyn Nachmias and Elizabeth R Kanieczny. The seller is Stewart A Satter.

Players

CN
Carolyn Nachmias
2 deals$73M volume
BUYER
SS
Stewart A Satter
3 deals$95.5M volume
SELLER

Details

SOLD
IMAGE: 03/28/2022 ADDRESS: 1260 S Ocean Blvd MARKET: Lake Worth, FL ASSET TYPE: Other Vacant BUYER: Carolyn Nachmias & Elizabeth R Kanieczny SELLER: Stewart A Satter PRICE: $40,000,000

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

$2,133,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$142,111.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$189,620.41
Annual Debt Service$2,275,444.88