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
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.
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