SOLDOther
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
$40,000,000
Building Size
—
Asset Type
Other
Closing
Mar 27, 2022
AI
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.
Palm Beach Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93