Updated Dec 21, 2023
Audrey McNiff Acquires Palm Beach SFR For $7.85M From Seller Catherine Marie Dressler Miller
1120 N. Lake Way
$12,700,000
$314/SF
Building Size
40,430 SF
Asset Type
Single Family Residence
Closing
May 19, 2020
About this deal
AI
Audrey McNiff has purchased a single-family home located at 270 Queens Lane in Palm Beach. The property was sold by Catherine Marie Dressler Miller for a price of $7,850,000. The home spans over approximately 5,732 square feet, resulting in a price per square foot of $1,370.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $7,850,000
- Address: 270 Queens Lane, Palm Beach
In this transaction, Audrey McNiff acted as the buyer and Catherine Marie Dressler Miller as the seller. The deal was facilitated by two brokers, Beth Cole from Corcoran Group and Liza Pulitzer from Brown Harris Stevens.
Players
Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $314 per square foot on a published $12.7M for 40,430 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93