Susan & Alan M. Sebulsky Acquire Palm Beach SFR For $16.9M
240 Mockingbird Trail Palm Beach, FL 33480, USA
$16,900,000
$3,072/SF
Building Size
5,500 SF
Asset Type
Single Family Residence
Closing
Aug 3, 2023
AI
A venture capitalist named Alan M. Sebulsky has purchased a single-family home in Palm Beach, located at 240 Mockingbird Trail, for a total of $16,900,000. The property spans 5,500 square feet and was sold at a price per square foot of $3,073. The transaction took place on August 3, 2023. The sale was facilitated by Christian Angle Real Estate, representing the buyer, Susan and Alan M. Sebulsky, and The Corcoran Group, represented by Paulette Koch and Dana Koch, acting as the seller's representatives.
Summary of transaction details:
- Property Type: Single-Family Home (SFR)
- Transaction Amount: $16,900,000
- Address: 240 Mockingbird Trail, Palm Beach
- Market: Palm Beach
- Buyer: Susan & Alan M. Sebulsky
- Seller: Lee Fensterstock
- Buyer's Representative: Christian Angle - Christian Angle Real Estate
- Seller's Representatives: Paulette Koch & Dana Koch - The Corcoran Group
- Square Footage: 5,500
- Price Per Square Foot: $3,073
It is worth noting that the property on Mockingbird Trail was originally listed for just under $16 million in October 2021. After undergoing renovations by developer Lee Fensterstock, the house was sold in February 2023 to Alan M. Sebulsky.
Players
Miami 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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93