Richard DeMartini Acquires Palm Beach SFR For $6.2M With Buyer's Rep Christian Angle
212 Seaspray Avenue, Palm Beach, FL, USA
$6,235,000
$1,513/SF
Building Size
4,119 SF
Asset Type
Single Family Residence
Closing
Dec 10, 2020
AI
A single-family residential property located at 212 Seaspray Avenue in Palm Beach was recently sold for $6,235,000. The property spans a total area of 4,119 square feet, resulting in a price per square foot of $1,627. The transaction took place on December 11, 2020. The seller of the property was Nick & Dee Adams, while the buyer was Richard DeMartini, represented by Crestview Partners. Christian Angle of Christian Angle Real Estate acted as the buyer's representative, while Bobby Goodnough and Raj Shrestha of Sotheby's International Realty represented the seller in the deal.
Summary of transaction details:
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $6,235,000
- Address: 212 Seaspray Avenue, Palm Beach
- Market: Palm Beach
- Buyer: Richard DeMartini - Crestview Partners
- Seller: Nick & Dee Adams
- Buyer's Representative: Christian Angle - Christian Angle Real Estate
- Seller's Representatives: Bobby Goodnough & Raj Shrestha - Sotheby's International Realty
- Square Footage: 4,119
- Price Per Square Foot: $1,627
The successful sale of the property involved notable individuals such as Richard DeMartini, who represented Crestview Partners as the buyer. Christian Angle, a real estate professional from Christian Angle Real Estate, provided representation for Richard DeMartini in the deal. Bobby Goodnough and Raj Shrestha, both affiliated with Sotheby's International Realty, acted as the seller's representatives in the transaction.
Players
Palm Beach 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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93