Diano-Smith LLC & Wilmington Trust Acquire Palm Beach Single Family For $5.7M
SOLD
$5,700,000
Florida
See Similar DealsSingle Family Residence42,470 SF
Sold
SOLD
Diano-Smith LLC & Wilmington Trust Acquire Palm Beach Single Family For $5.7M
225 Arabian Rd, Palm Beach, FL 33480, USA
See Similar DealsSingle Family Residence42,470 SF
Sold
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$134
Total Square Footage:42470 SF
Transaction Type:Sale
The property located at 225 Arabian Road in Palm Beach has been sold in a recent transaction. The single-family asset was sold for a price of $5,700,000. It spans across an area of 4,247 square feet, resulting in a price per square foot of $1,342.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $5,700,000
- Address: 225 Arabian Road, Palm Beach
- Market: Palm Beach
E. Llwyd Ecclestone III acted as the seller in this deal. On the other hand, the buyers were Diano-Smith LLC and Wilmington Trust. The transaction was facilitated by Patricia Dudan Ecclestone of The Corcoran Group.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$304,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,250.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,020.91
Annual Debt Service$324,250.90
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