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140 Kings Rd, Palm Beach, F...

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

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

140 Kings Rd, Palm Beach, FL, USA

$11,500,000

$2,051/SF

Building Size

5,606 SF

Asset Type

Single Family Residence

Closing

Apr 28, 2021

AI

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

Broker

$1B

vol

42 deals

Broker

Morton A. Pierce

Seller

$21.5M

vol

2 deals

Seller

Palm Beach 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

1.38%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93