Updated Oct 28, 2024
Michael Sussman & Renee Licht Acquire SFR In Palm Beach For $7.5M
242 Everglade Avenue, Palm Beach, Florida 33480, United States
$7,500,000
$1,791/SF
Building Size
4,186 SF
Asset Type
Single Family Residence
Closing
Mar 30, 2022
About this deal
AI
A single-family home located at 242 Everglade Ave in Palm Beach has been sold for $7,500,000. The property spans 4,186 square feet, resulting in a price per square foot of $1,792. The transaction took place on March 31, 2022.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $7,500,000
- Address: 242 Everglade Ave, Palm Beach
- Square Footage: 4,186
- Price Per Square Foot: $1,792
Micheal Sussman and Renee Licht were the buyers of the property, while the seller was Peter M Buchman Trustee, Shirley M Buchman Trust. Paulette Koch from The Corcoran Group represented the buyers, and Samantha Curry from Douglas Elliman represented the sellers in the transaction.
On the Map
$7,500,000
$1,791/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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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93