Neil Bluhm's Walton Street Capital Acquires SFR At 215 Brazilian Avenue In Palm Beach For $7.4M
SOLD
$7,400,000
Florida
See Similar DealsSingle Family Residence5,014 SF
Sold 09/14/2020
SOLD
Neil Bluhm's Walton Street Capital Acquires SFR At 215 Brazilian Avenue In Palm Beach For $7.4M
215 Brazilian Ave, Palm Beach, FL 33480, USA
See Similar DealsSingle Family Residence5,014 SF
Sold 09/14/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,475
Total Square Footage:5,014 SF
Transaction Type:Sale
Located at 215 Brazilian Avenue in Palm Beach, this single-family residential property was recently sold. The property spans 5,014 square feet and was sold for a price of $7,400,000, resulting in a price per square foot of $1,476.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $7,400,000
- Buyer: Kimberly Paige Fleming, Neil Bluhm - Walton Street Capital
- Seller: Arca 21 LLC
- Market: Palm Beach
The buyer of this property is Kimberly Paige Fleming, along with Neil Bluhm representing Walton Street Capital. On the other hand, Arca 21 LLC acted as the seller in this transaction.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$394,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,290.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,079.78
Annual Debt Service$420,957.30
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