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
About this deal
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.
The other sale at 1260 South Ocean Boulevard, Lake Worth, Florida 33462, United States in Palm Beach, Florida sold for $40M in 2022. 1260 South Ocean Boulevard, Lake Worth, Florida 33462, United States is classified as Other on Traded. Named participants on the 1260 South Ocean Boulevard, Lake Worth, Florida 33462, United States sale are Stewart A Satter, Carolyn Nachmias. This page is the Palm Beach, Florida file for the 1260 South Ocean Boulevard, Lake Worth, Florida 33462, United States other sold: pricing, party profiles, and other closed other comps from the same Palm Beach sit in the Market section below. Filter that Palm Beach other set by closing date to see what else sold near 1260 South Ocean Boulevard, Lake Worth, Florida 33462, United States around 2022. Published consideration for 1260 South Ocean Boulevard, Lake Worth, Florida 33462, United States is $40M, dated 2022. Cite this Carolyn Nachmias & Elizabeth R Kanieczny Acquire Other Vacant Property In Lake Worth, FL For $40M sale when underwriting similar other product around Palm Beach, Florida.
On the Map
$40,000,000
Other
View full map
Palm Beach Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Deal FAQ
Browse Palm Beach other sales on Traded.
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