Warren B. Kanders Acquires Adrien Arpel's Palm Beach Single Family For $25.4M
1020 North Lake Way, Palm Beach, FL 33480, USA
$25,400,000
$3,879/SF
Building Size
6,548 SF
Asset Type
Single Family Residence
Closing
Jun 9, 2020
AI
The property at 1020 North Lake Way in Palm Beach has been sold in a recent transaction. The single-family home was sold by Adrien Arpel to Three Palm Trees LLC. The sale took place on June 9, 2021. The property spans a total of 6,548 square feet and was sold for a price of $25,400,000. This amounts to a price per square foot of $3,879.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $25,400,000
- Date: 06/09/2021
- Address: 1020 North Lake Way
- Market: Palm Beach
Warren B. Kanders, representing Three Palm Trees LLC, served as the buyer in this transaction. Christian Angle, from Christian Angle Real Estate, acted as the buyer's representative. Adrien Arpel was represented by Lawrence Moens from Lawrence A. Moens Associates. These key individuals and companies played an instrumental role in the successful sale of the property.
Players
Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93