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Joshua & Victoria Frank Acquire SFR In Boca Raton For $9.6M With Devin Kay's Representation

Property Image
SOLD
$9,600,000

Florida

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Single Family Residence8,082 SF
Sold 05/26/2020
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Property Image
SOLD

Joshua & Victoria Frank Acquire SFR In Boca Raton For $9.6M With Devin Kay's Representation

429 East Alexander Palm Road, Boca Raton, FL 33432

See Similar Deals
Single Family Residence8,082 SF
Sold 05/26/2020
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,187
Total Square Footage:8,082 SF
Transaction Type:Sale

The property involved in this closed transaction is a Single Family Residential (SFR) located at 429 E Alexander Palm Road in Boca Raton. The property covers a total area of 8,082 square feet and is situated in a desirable neighborhood. The sale of this property was finalized on 05/26/2021.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $9,600,000
  • Market: Boca Raton
  • Asking Price: $9,875,000
  • SF: 8,082
  • PPSF: $1,187

The buyer of the property is Joshua & Victoria Frank, while the seller is The Alexander Palm Revocable Trust. The transaction was facilitated by broker Devin Kay from Devin Kay Realty. Devin Kay represented the seller in this deal.

Players

Douglas Elliman
Douglas Elliman
BROKERAGE
RT
Revocable Trust
SELLER

Details

SOLD
IMAGE: Devin Kay DATE: 05/26/2021 ADDRESS: 429 E Alexander Palm Road MARKET: Boca Raton ASSET TYPE: SFR BUYER: Joshua & Victoria Frank SELLER: The Alexander Palm Revocable Trust BROKER: Devin Kay @Devin__Kay ASKING PRICE:$9,875,000 SALE PRICE: $9,600,000 SF: 8,082 ~ PPSF: $1,187

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,106.78
Cash-on-Cash Return-1.27%
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