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311 Key Palm Road, Boca Rat...

Paulina Franco Acquires $10M SFR In Boca Raton
SOLDSingle Family Residence

Paulina Franco Acquires $10M SFR In Boca Raton

311 Key Palm Road, Boca Raton, FL, USA

$10,000,000

$1,108/SF

Building Size

9,022 SF

Asset Type

Single Family Residence

Closing

May 10, 2020

AI

The single-family residential property located at 311 East Key Palm Road in Boca Raton has been sold for $10,000,000. Spanning a total of 9,022 square feet, the property was sold at an average price of $1,108 per square foot.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $10,000,000
  • Address: 311 East Key Palm Road
  • Market: Boca Raton

In this transaction, the buyer of the property is Paulina Franco, while the sellers are Mark S. Cosby and Kathleen Corsi. Lynne Gewant from Coldwell Banker Realty represented the buyer, Paulina Franco. On the other hand, Marcy Javor from Signature One Luxury Estates represented the sellers, Mark S. Cosby and Kathleen Corsi.

Players

Lynne Gewant

Coldwell Banker

Broker

$10M

vol

1 deal

Broker

Boca Raton 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

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93