facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Single Family Residence

/

Sale

/

242 Everglade Avenue, Palm ...

Michael Sussman & Renee Licht Acquire SFR In Palm Beach For $7.5M
SOLDSingle Family Residence

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

Paulette Koch

The Corcoran Group

Broker

$545.2M

vol

22 deals

Broker

Palm Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

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