RLMM Real Estate LLC Acquires Palm Beach Gardens Single Family For $11M
14958 Palmwood Road, West Palm Beach, Florida 33410, United States
$11,000,000
$1,182/SF
Building Size
9,306 SF
Asset Type
Single Family Residence
Closing
Aug 1, 2022
AI
The single-family property located at 14958 Palmwood Road in Palm Beach Gardens has been sold for a total of $11 million. The sale took place on 08/02/2022, with RLMM Real Estate LLC, represented by Robert & Myron "Mosie" Miller, acquiring the asset from Rizhin Holdings LLC, represented by Aaron Levine & Joshua Gross.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $11,000,000
- Address: 14958 Palmwood Road
- Market: Palm Beach Gardens
- Buyer: RLMM Real Estate LLC - Robert & Myron "Mosie" Miller
- Seller: Rizhin Holdings LLC - Aaron Levine & Joshua Gross
- Buyer's Representative: Vince Marotta - Illustrated Properties
- Seller's Representative: Jennifer Hyland - The Peters + Hyland Group - Corcoran
- Square Footage: 9,306
- Price per square foot: $1,182
Vince Marotta of Illustrated Properties represented the buyer, RLMM Real Estate LLC, while Jennifer Hyland of The Peters + Hyland Group - Corcoran represented the seller, Rizhin Holdings LLC. The property spans over 9,306 square feet and was sold at a price of $1,182 per square foot.
Players
Palm Beach Gardens Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93