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Christian Angle Real Estate Acquires Single Family Palm Beach Property For $48.5M

Property Image
SOLD
$48,500,000
Christopher "Chris" Deitz
Christian Angle
NS
+ 1

Florida

See Similar Deals
Single Family Residence14,017 SF
Sold 04/12/2022
the dealplayerscompscontact
Property Image
SOLD

Christian Angle Real Estate Acquires Single Family Palm Beach Property For $48.5M

1030 South Ocean Boulevard, Palm Beach, Florida 33480, United States

See Similar Deals
Single Family Residence14,017 SF
Sold 04/12/2022
Christopher "Chris" Deitz
Christian Angle
NS
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$3,460
Total Square Footage:14,017 SF
Transaction Type:Sale

The property involved in the transaction is a Single Family home located at 1030 South Ocean Boulevard in Palm Beach, with a total area of 0.6 acres.

Summary of transation details

  • Property Type: Single Family
  • Transaction Amount: $48,500,000
  • Date: 04/12/2022
  • Square Footage: 14,017
  • Price per Square Foot: $3,460
  • Market: Palm Beach

The seller of the property is Nedim Soylemez & George Taylor, who represent Lion's View Holdings. The buyer's representative in the deal is Christian Angle from Christian Angle Real Estate. On the other hand, the seller's representative is Chris Deitz from Compass.

Players

Christian Angle
Christian Angle Real Estate
Christian Angle
99 deals$2.7B volume(561) 659-6551
BROKER
Christopher "Chris" Deitz
Compass
Christopher Deitz
8 deals$181.1M volume
BROKER
NS
Nedim Soylemez
3 deals$94.2M volume
SELLER
GT
George Taylor
2 deals$79.2M volume
SELLER

Details

SOLD
IMAGE: Christian Angle & Chris Deitz DATE: 04/12/2022 ADDRESS: 1030 South Ocean Boulevard MARKET: Palm Beach ASSET TYPE: Single Family ~ ACRES: 0.6 SELLER: Nedim Soylemez & George Taylor - Lion’s View Holdings BUYER'S REP: Christian Angle - Christian Angle Real Estate (@Angle_Real_Estate) SELLER'S REP: Chris Deitz (@ChrisWDeitz) - Compass (@Compass) SALE PRICE: $48,500,000 SF: 14,017 ~ PPSF: $3,460

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,586,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$172,310.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$229,914.74
Annual Debt Service$2,758,976.92