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2940 Le Bateau Dr, Palm Bea...

Michael & Andrew Leibowitz Sell SFR In Palm Beach Gardens For $4M
SOLDSingle Family Residence

Michael & Andrew Leibowitz Sell SFR In Palm Beach Gardens For $4M

2940 Le Bateau Dr, Palm Beach Gardens, FL 33410, USA

$4,000,000

$57/SF

Building Size

69,960 SF

Asset Type

Single Family Residence

Closing

Aug 12, 2020

AI

A single-family home located at 2940 Le Bateau Dr in Palm Beach Gardens has been sold for $4,000,000. The property, measuring 6,996 square feet, was listed at a price of $572 per square foot.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $4,000,000
  • Address: 2940 Le Bateau Dr, Palm Beach Gardens
  • Market: Palm Beach Gardens
  • Square Footage: 6,996 sqft

The seller's representatives in this deal were Michael and Andrew Leibowitz from Leibowitz Realty Group, Inc./PBG. On the buyer's side, Chris Burke from Echo Fine Properties acted as the representative.

Players

Michael Leibowitz

Leibowitz Realty Group

Broker

$26.3M

vol

3 deals

Broker

Palm Beach Gardens 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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93