Patrick Carney Acquires Single Family Property In Palm Beach For $16.2M
301 Polmer Park Road, Palm Beach, Florida 33480, United States
$16,225,000
$2,549/SF
Building Size
6,365 SF
Asset Type
Single Family Residence
Closing
Jun 5, 2022
AI
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.
Players
Palm Beach 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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93