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Jerry & Sharon Isackson Acquire SFR In Boca Raton For $7.8M

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SOLD
$7,825,000

Florida

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Single Family Residence8,811 SF
Sold 12/16/2020
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SOLD

Jerry & Sharon Isackson Acquire SFR In Boca Raton For $7.8M

1739 Royal Palm Way, Boca Raton, FL, USA

See Similar Deals
Single Family Residence8,811 SF
Sold 12/16/2020
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$888
Total Square Footage:8,811 SF
Transaction Type:Sale

A single-family home located at 1739 Royal Palm Way in Boca Raton was recently sold for $7,825,000. This property, spanning approximately 8,811 square feet, was purchased by Jerry and Sharon Isackson of Bryan Ashley International. The seller of the property was Carl E. Klepper Jr. of Compson Associates. The transaction took place on December 16, 2020. The buyer was represented by David Roberts of Royal Palm Properties, while the seller was represented by Jacqueline Feldman of Premier Estate Properties.

Summary of transaction details:

  • Property Type: Single-Family Home
  • Transaction Amount: $7,825,000
  • Address: 1739 Royal Palm Way
  • Market: Boca Raton
  • Buyer: Jerry & Sharon Isackson - Bryan Ashley International
  • Seller: Carl E. Klepper Jr. - Compson Associates
  • Buyer's Representative: David Roberts - Royal Palm Properties
  • Seller's Representative: Jacqueline Feldman - Premier Estate Properties
  • Size: 8,811 square feet
  • Price per square foot: $888

Jerry and Sharon Isackson, who represent Bryan Ashley International, purchased this SFR property from Carl E. Klepper Jr. The buyer was represented by David Roberts of Royal Palm Properties, while the seller was represented by Jacqueline Feldman of Premier Estate Properties. This transaction highlights the significant involvement of these key individuals and companies in the sale of the property on Royal Palm Way.

Players

David Roberts
28 deals$417.2M volume(561) 368-6200
BROKER

Jackie Feldman
Sotheby's International Realty
4 deals$54.5M volume
BROKER

Christie's International Real Estate
BROKERAGE

Details

SOLD
IMAGE: Jacqueline Feldman, Carl E. Klepper Jr. & David Roberts DATE: 12/16/2020 ADDRESS: 1739 Royal Palm Way MARKET: Boca Raton ASSET TYPE: SFR BUYER: Jerry & Sharon Isackson - Bryan Ashley International SELLER: Carl E. Klepper Jr. - Compson Associates BUYER'S REP: David Roberts - Royal Palm Properties SELLER'S REP: Jacqueline Feldman - Premier Estate Properties PRICE: $7,825,000 SF: 8,811 ~ PPSF: $888

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

$417,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,800.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,094.49
Annual Debt Service$445,133.91