Paul A Krasker Acquires Single Family Home In Palm Beach, FL For $39.9M
SOLD
$6,700,000
Florida
See Similar DealsSingle Family Residence4,991 SF
Sold 08/03/2020
SOLD
Paul A Krasker Acquires Single Family Home In Palm Beach, FL For $39.9M
341 Garden Rd, Palm Beach, FL 33480, USA
See Similar DealsSingle Family Residence4,991 SF
Sold 08/03/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,342
Total Square Footage:4,991 SF
Transaction Type:Sale
The single-family property located at 1020 N Lake Way in Palm Beach, FL was recently sold in a transaction on June 1, 2022. The property spans a total of 6,548 square feet and was sold for a price of $39,900,000, resulting in a price per square foot of $6,093.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $39,900,000
- Address: 1020 N Lake Way, Palm Beach, FL
- Market: Palm Beach, FL
Paul A Krasker acquired the property from Warren B. Kanders in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$357,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,803.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,761.42
Annual Debt Service$381,137.02
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