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Carl Esrey Acquires Palm Beach SFR For $5.8M With Buyer's Rep Dana Koch & Seller's Rep Lynn Warren

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SOLD
$5,800,000

Florida

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Single Family Residence5,066 SF
Sold 12/02/2020
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Property Image
SOLD

Carl Esrey Acquires Palm Beach SFR For $5.8M With Buyer's Rep Dana Koch & Seller's Rep Lynn Warren

119 E Inlet Dr, Palm Beach, FL 33480, Estados Unidos

See Similar Deals
Single Family Residence5,066 SF
Sold 12/02/2020
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,144
Total Square Footage:5,066 SF
Transaction Type:Sale

The recently closed property transaction in Palm Beach involved a single-family residence located at 119 E. Inlet Drive. This spacious property spans a total of 5,066 square feet. The property was sold for a total price of $5,800,000, resulting in a price per square foot of $1,145. The transaction was facilitated by Dana Koch from The Corcoran Group, who represented the buyer, Carl Esrey of BMC Capital. Lynn Warren of Sotheby's International Realty acted as the seller's representative, assisting Suzan J. Mitchell in the sale.

Summary of transaction details:

  • Property Type: Single-Family Residence (SFR)
  • Transaction Amount: $5,800,000
  • Address: 119 E. Inlet Drive
  • Market: Palm Beach
  • Buyer: Carl Esrey - BMC Capital
  • Seller: Suzan J. Mitchell
  • Buyer's Representative: Dana Koch - The Corcoran Group
  • Seller's Representative: Lynn Warren - Sotheby's International Realty

This successful transaction signifies the collaboration between Carl Esrey of BMC Capital, represented by Dana Koch of The Corcoran Group, and the seller, Suzan J. Mitchell. Lynn Warren of Sotheby's International Realty played a pivotal role as the seller's representative. The deal showcases the expertise and professionalism of these individuals and the agencies they represent.

Players

BUYER

Details

SOLD
IMAGE: IMAGE: Dana Koch & Carl Esrey⁠ ADDRESS: 119 E. Inlet Drive⁠ MARKET: Palm Beach⁠ ASSET TYPE: SFR⁠ ⁠ BUYER: Carl Esrey – BMC Capital⁠ SELLER: Suzan J. Mitchell⁠ BUYER’S REP: Dana Koch – The Corcoran Group⁠ SELLER’S REP: Lynn Warren – Sotheby’s International Realty⁠ PRICE: $5,800,000⁠ SF: 5,066 / PPSF: $1,145 […]

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

$309,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51