Updated Oct 29, 2024
47th LLC Acquires Single Family Property In Palm Beach For $34.9M
127 Reef Rd, Palm Beach, FL 33480, USA
$6,300,000
$1,600/SF
Building Size
3,936 SF
Asset Type
Single Family Residence
Closing
Aug 5, 2020
About this deal
AI
Located in Palm Beach, the single-family property at 107 Dolphin Road has been sold in a recent transaction. The sale, facilitated by Irwin Ackerman, took place on January 11, 2023. Spanning across 0.2 acres, the property offers a total of 3,600 square feet.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $34,900,000
- Address: 107 Dolphin Road
- Market: Palm Beach
- ACRES: 0.2
The buyer, 47th LLC, acquired the property from Mary & Irwin Ackerman. The sale price for the property was $34,900,000, resulting in a price per square foot of $9,694.
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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93