Tranquil Sunrise LLC & Calm Sunset LLC Acquire SFR In North Palm Beach For $48.2M
SOLD
$48,200,000
Florida
See Similar DealsSingle Family Residence23,176 SF
Sold
SOLD
Tranquil Sunrise LLC & Calm Sunset LLC Acquire SFR In North Palm Beach For $48.2M
12520 Seminole Beach Road, North Palm Beach, FL, USA
See Similar DealsSingle Family Residence23,176 SF
Sold
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2079
Total Square Footage:23176 SF
Transaction Type:Sale
The property involved in this transaction is a single-family residence located at 12520 Seminole Beach Road & 12395 Banyan Road in North Palm Beach. The sale took place on October 19, 2020.
Summary of transaction details
- Property Type: Single-Family Residence
- Transaction Amount: $48,200,000
- Market: North Palm Beach
The buyer of the property is Tranquil Sunrise LLC & Calm Sunset LLC, while the seller is Russell Weiner.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,570,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$171,244.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$228,492.59
Annual Debt Service$2,741,911.09
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