facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Single Family Residence

/

Sale

/

12215 Tillinghast Circle, P...

Michael Narlinger Acquires $6M Single Family Property In Palm Beach Gardens From David Smith
SOLDSingle Family Residence

Michael Narlinger Acquires $6M Single Family Property In Palm Beach Gardens From David Smith

12215 Tillinghast Circle, Palm Beach Gardens, FL 33418, USA

$6,500,000

$756/SF

Building Size

8,589 SF

Asset Type

Single Family Residence

Closing

Mar 28, 2021

AI

A single-family property located at 12215 Tillinghast Circle in Palm Beach Gardens has been sold for $6,000,000. The property spans 8,589 square feet and is situated on approximately acres. The sale price per square foot comes to $699, achieving a price per acre of $5,504,587. The transaction took place on March 29, 2021.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $6,000,000
  • Address: 12215 Tillinghast Circle, Palm Beach Gardens
  • Market: Palm Beach Gardens

Michael Narlinger of Brookline Investment Group served as the buyer, while David Smith of Sinclair Broadcast Group was the seller. Erin Sykes and Nest Seekers represented the buyer, and Carole Koeppel of Sotheby's International Realty represented the seller in this transaction.

Players

Carole Koeppel

Broker

$26M

vol

3 deals

Broker

Michael Narlinger

Brookline Investment Group

Buyer

$83.5M

vol

2 deals

Buyer

David Smith

Seller

$27M

vol

5 deals

Seller

Palm Beach Gardens 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

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93