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
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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93