Hope Enterprises RE LLC Acquires Single Family Property On El Vedado Road In Palm Beach For $23M
SOLD
$12,200,000
Florida
See Similar DealsSingle Family Residence113,000 SF
Sold 08/11/2020
SOLD
Hope Enterprises RE LLC Acquires Single Family Property On El Vedado Road In Palm Beach For $23M
135 El Vedado Rd, Palm Beach, FL 33480, USA
See Similar DealsSingle Family Residence113,000 SF
Sold 08/11/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$108
Total Square Footage:113,000 SF
Transaction Type:Sale
A single-family home located at 150 El Vedado Road in Palm Beach has been sold for a price of $23,000,000. The property spans 6,603 square feet, resulting in a price per square foot of $3,483. The transaction took place on January 4, 2023.
Summary of transation details
- Property Type: Single Family
- Transaction Amount: $23,000,000
- Address: 150 El Vedado Road, Palm Beach
- Market: Palm Beach
The buyer of the property is Hope Enterprises RE LLC, while the sellers are Barbara Stovall Smith and Randall Smith, represented by Alden Global Capital.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$650,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,344.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$57,834.22
Annual Debt Service$694,010.69
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