Dee Ocleppo Hilfiger & Tommy Hilfiger Acquire Palm Beach SFR For $9M
SOLD
$9,000,000
Florida
See Similar DealsSingle Family Residence4,183 SF
Sold 03/03/2021
SOLD
Dee Ocleppo Hilfiger & Tommy Hilfiger Acquire Palm Beach SFR For $9M
244 Fairview Road, Palm Beach, FL, USA
See Similar DealsSingle Family Residence4,183 SF
Sold 03/03/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,151
Total Square Footage:4,183 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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