Updated Oct 28, 2024
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
$9,600,000
$1,187/SF
Building Size
8,082 SF
Asset Type
Single Family Residence
Closing
May 26, 2020
About this deal
AI
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.
On the Map
$9,600,000
$1,187/SF
Single Family Residence
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Players
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
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93