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Echo Fine Properties Acquires Single Family Property In Jupiter For $10.3M

Property Image
SOLD
$10,300,000
Andrea Roth
Vincent (Vince) Marotta

Florida

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Single Family Residence5,962 SF
Sold 08/23/2022
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Property Image
SOLD

Echo Fine Properties Acquires Single Family Property In Jupiter For $10.3M

19651 North Riverside Drive, Jupiter, Florida 33469, United States

See Similar Deals
Single Family Residence5,962 SF
Sold 08/23/2022
Andrea Roth
Vincent (Vince) Marotta
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,727
Total Square Footage:5,962 SF
Transaction Type:Sale

The single-family property located at 19651 Riverside Drive in Jupiter has been sold for a total price of $10,300,000. This property spans across 1 acre and offers a total of 5,962 square feet of living space. With a price per square foot of $1,728, this sale showcases a significant investment opportunity in the Jupiter market.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $10,300,000
  • Address: 19651 Riverside Drive
  • Market: Jupiter
  • Total Acres: 1

Adrianne Hilton and John Hedigan from Myriad Asset Management have acquired this property. Representing the buyers in this deal is Andrea Roth from Echo Fine Properties. On the seller's side, Terry Graziotto and Raymond Graziotto from Seven Kings Holdings facilitated the transaction. Vince Marotta from Illustrated Properties served as the seller's representative.

HSBC Bank provided the lending for this transaction, making it a notable collaboration between financial institutions and real estate investors.

Players

Vincent (Vince) Marotta
Illustrated Properties Real Estate
Vincent Marotta
13 deals$198.6M volume(561) 847-5700
BROKER
Andrea Roth
Echo Fine Properties
Andrea Roth
1 deal$10.3M volume
BROKER
HSBC
HSBC
LENDER

Details

SOLD
IMAGE: Andrea Roth & Vince Marotta DATE: 08/23/2022 ADDRESS: 19651 Riverside Drive MARKET: Jupiter ASSET TYPE: Single Family ~ ACRES: 1 BUYER: Adrianne Hilton; John Hedigan - Myriad Asset Management SELLER: Terry Graziotto; Raymond Graziotto - Seven Kings Holdings BUYER'S REP: Andrea Roth - Echo Fine Properties (@EchoFineProperties) SELLER'S REP: Vince Marotta - Illustrated Properties (@IllustratedProperties) LENDER: HSBC Bank SALE PRICE: $10,300,000 SF: 5,962 ~ PPSF: $1,728

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

$549,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$36,593.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,827.25
Annual Debt Service$585,927.06