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119 E Inlet Dr, Palm Beach,...

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

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

$5,800,000

$1,144/SF

Building Size

5,066 SF

Asset Type

Single Family Residence

Closing

Dec 1, 2020

AI

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

BMC Capital
BMC CapitalBuyer

Palm Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.73%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93