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1020 North Lake Way, Palm B...

Warren B. Kanders Acquires Adrien Arpel's Palm Beach Single Family For $25.4M
SOLDSingle Family Residence

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

Lawrence Moens

Broker

$2.4B

vol

64 deals

Broker

Warren Kanders

Buyer

$78.9M

vol

4 deals

Buyer

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