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Sandi Feinberg Acquires 140 Kings Rd Single Family In Palm Beach For $11.5M

Property Image
SOLD
$11,500,000
Stephanie Lefes
Dana Koch
MP

Florida

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Single Family Residence5,606 SF
Sold
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Property Image
SOLD

Sandi Feinberg Acquires 140 Kings Rd Single Family In Palm Beach For $11.5M

140 Kings Rd, Palm Beach, FL, USA

See Similar Deals
Single Family Residence5,606 SF
Sold
Stephanie Lefes
Dana Koch
MP
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2051
Total Square Footage:5606 SF
Transaction Type:Sale

A single-family property located at 140 Kings Rd in Palm Beach has been sold in a recent transaction. The property spans 5,606 square feet and was sold at a price of $11,500,000. This translates to a price per square foot of $2,051.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $11,500,000
  • Address: 140 Kings Rd
  • Market: Palm Beach

The buyer of this property was Sandi Feinberg. Representing the buyer in this deal was Dana Koch from The Corcoran Group. The seller of the property, Morton A. Pierce, was represented by Stephanie Lefes from Sotheby's Intl. Realty, Inc.

Players

Dana Koch
The Corcoran Group
Dana Koch
40 deals$873.2M volume
BROKER
Stephanie Lefes
Sotheby's International Realty
Stephanie Lefes
2 deals$21.5M volume
BROKER
MP
Morton A. Pierce
2 deals$21.5M volume
SELLER

Details

SOLD
IMAGE: Dana Koch, Morton A. Pierce & Stephanie Lefes DATE: 04/29/2021 ADDRESS: 140 Kings Rd MARKET: Palm Beach ASSET TYPE: Single Family BUYER: Sandi Feinberg SELLER: Morton A. Pierce - White & Case LLP BUYER'S REP: Dana Koch - The Corcoran Group SELLER'S REP: Stephanie Lefes - Sotheby's Intl. Realty, Inc. PRICE: $11,500,000 SF: 5,606 ~ PPSF: $2,051

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$613,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40