Patrick Carney Acquires Single Family Property In Palm Beach For $16.2M
SOLD
$16,225,000
Florida
See Similar DealsSingle Family Residence6,365 SF
Sold 06/06/2022
SOLD
Patrick Carney Acquires Single Family Property In Palm Beach For $16.2M
301 Polmer Park Road, Palm Beach, Florida 33480, United States
See Similar DealsSingle Family Residence6,365 SF
Sold 06/06/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,549
Total Square Footage:6,365 SF
Transaction Type:Sale
The property asset involved in the transaction is a single-family home located at 301 Polmer Park in Palm Beach, FL. This property measures approximately 6,365 square feet and was sold for a price of $16,225,000, resulting in a price per square foot of $2,549.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $16,225,000
- Address: 301 Polmer Park
- Market: Palm Beach, FL
- Square Footage: 6,365
- Price per Square Foot: $2,549
- Buyer: Patrick Carney
- Seller: Richard C. True
The transaction involved Patrick Carney as the buyer and Richard C. True as the seller, facilitating the completion of this significant real estate deal in the Palm Beach market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$865,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$57,644.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$76,914.78
Annual Debt Service$922,977.33
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