Dee Ocleppo Hilfiger & Tommy Hilfiger Acquire Palm Beach SFR For $9M
244 Fairview Road, Palm Beach, FL, USA
$9,000,000
$2,151/SF
Building Size
4,183 SF
Asset Type
Single Family Residence
Closing
Mar 2, 2021
AI
A single-family residential property located at 244 Fairview Road in Palm Beach was recently sold for $9,000,000. The property spans approximately 4,183 square feet, resulting in a price per square foot of $2,152. The transaction took place on March 3, 2021.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $9,000,000
- Date: 03/03/2021
- Address: 244 Fairview Road
- Market: Palm Beach
- Buyer: Dee Ocleppo Hilfiger & Tommy Hilfiger
- Buyer's Rep: Christian Angle - Christian Angle Real Estate
- Seller's Rep: Toni Hollis - Waterfront Properties & Club C
- Square Footage: 4,183
- Price per Square Foot: $2,152
The buyer of the property is Dee Ocleppo Hilfiger & Tommy Hilfiger. They were represented in the transaction by Christian Angle from Christian Angle Real Estate. Toni Hollis, from Waterfront Properties & Club C, served as the seller's representative.
Players
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93