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19651 North Riverside Drive...

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

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

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

$10,300,000

$1,727/SF

Building Size

5,962 SF

Asset Type

Single Family Residence

Closing

Aug 22, 2022

AI

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 Marotta

Illustrated Properties Real Estate

Broker

$198.6M

vol

13 deals

Broker
HSBC
HSBC Lender

Jupiter 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

1.54%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93