Updated Oct 29, 2024
Diana Willson Sterne Acquires Palm Beach SFR For $5.5M
240 Sanford Avenue, Palm Beach, FL, USA
$5,500,000
$1,112/SF
Building Size
4,946 SF
Asset Type
Single Family Residence
Closing
Dec 8, 2020
About this deal
AI
A single-family residential property located at 240 Sanford Avenue in Palm Beach has been sold for $5,500,000. The property spans 4,946 square feet, resulting in a price per square foot of approximately $1,112. The transaction took place on December 9, 2020.
Summary of transaction details
- Property Type: Single Family Residential
- Transaction Amount: $5,500,000
- Address: 240 Sanford Avenue
- Market: Palm Beach
The buyers in the deal were Diana Willson Sterne, representing The Atlas Group, and James Sterne from Skye Global Management. On the other side, Maria Marchetti and Amos O. Dare, of Neurosurgery & Orthopedic Institute of Florida, acted as the sellers. The real estate brokers involved in the transaction were Carole Koeppel and Suzanne Ainslie from Sotheby's International Realty.
On the Map
$5,500,000
$1,112/SF
Single Family Residence
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Players
Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.1K per square foot on a published $5.5M for 4,946 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93