Updated Oct 29, 2024
North Fifth LLC Acquires SFR In Palm Beach For $10.4M
110 Clarendon Avenue, Palm Beach, FL, USA
$10,400,000
$1,161/SF
Building Size
8,953 SF
Asset Type
Single Family Residence
Closing
Mar 4, 1920
About this deal
AI
A single-family home located at 110 Clarendon Avenue in Palm Beach was recently sold in a closed transaction. The property, with a total area of 8,953 square feet, was sold for a price of $10,400,000, resulting in a price per square foot of $1,161. The transaction took place on March 5, 2020.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $10,400,000
- Date: 03/05/2020
- Address: 110 Clarendon Avenue
- Market: Palm Beach
The buyer of the property was North Fifth LLC, while the sellers were Chip & Jan Malley, who owned the Little Red School House. The transaction was facilitated by Smith Lore from Sotheby's Realty, acting as the broker. This transaction showcases the successful collaboration between the parties involved in the deal.
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
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93