Steven Orfali Purchases Single Family Home In West Palm Beach For $3.6M With Christopher Adeleke As Buyer's Rep
SOLD
$3,600,000
Florida
See Similar DealsSingle Family Residence4,200 SF
Sold 01/14/2026
SOLD
Steven Orfali Purchases Single Family Home In West Palm Beach For $3.6M With Christopher Adeleke As Buyer's Rep
131 Costello Road
See Similar DealsSingle Family Residence4,200 SF
Sold 01/14/2026
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$857
Total Square Footage:4,200 SF
Transaction Type:Sale
The property involved in this transaction is a single-family asset located at 131 Costello Road in West Palm Beach. The sale price of the property was $3,600,000, with a total square footage of 4,200 square feet, translating to a price per square foot of $857.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,600,000
- Address: 131 Costello Road
- Market: West Palm Beach
- Square Footage: 4,200
- Price Per Square Foot: $857
- Buyer: Steven Orfali
- Seller: Foster Kaali-Nagy
- Buyer's Representative: Christopher Adeleke - Douglas Elliman
In this transaction, Steven Orfali acted as the buyer, while Foster Kaali-Nagy was the seller. The buyer was represented by Christopher Adeleke from Douglas Elliman, who facilitated the sale between the parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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