Mary Frances Garrett Acquires Single Family Home In Palm Beach For $23.5M
SOLD
$23,525,250
Florida
See Similar DealsSingle Family Residence3,279 SF
Sold 03/03/22
SOLD
Mary Frances Garrett Acquires Single Family Home In Palm Beach For $23.5M
1285 North Ocean Boulevard, Delray Beach, Florida 33435, United States
See Similar DealsSingle Family Residence3,279 SF
Sold 03/03/22
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$7,174
Total Square Footage:3,279 SF
Transaction Type:Sale
The single family property located at 1285 N Ocean Blvd in Palm Beach, FL has been sold in a closed transaction. The property spans across 3,279 square feet and was sold for a price of $23,525,250, resulting in a price per square foot of $7,175.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $23,525,250
- Address: 1285 N Ocean Blvd, Palm Beach, FL
- Market: Palm Beach, FL
The buyer of the property is Mary Frances Garrett and the seller is Andrew Cooper.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,254,679.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$83,580.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$111,521.69
Annual Debt Service$1,338,260.24
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