Updated Oct 29, 2024
Twin Hearts Palm Beach Realty Trust Acquires SFR On Atlantic Avenue For $8M
110 Atlantic Ave, Palm Beach, FL 33480, USA
$8,000,000
$194/SF
Building Size
41,050 SF
Asset Type
Single Family Residence
Closing
May 25, 2020
About this deal
AI
A single-family home located at 110 Atlantic Avenue in Palm Beach has recently been sold for $8,000,000. This property spans 4,105 square feet and was sold at a price of $1,948 per square foot.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $8,000,000
- Address: 110 Atlantic Avenue, Palm Beach
- Market: Palm Beach
The buyer of this property is Twin Hearts Palm Beach Realty Trust, represented by Andrea Salvi. The sellers are Heidi & Scott Schuster from Wingate Healthcare. The transaction was facilitated by brokers Christian Angle & Dana Koch from the Corcoran Group.
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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93