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406 Mariner Drive, Jupiter,...

Nicole McCullough Acquires 7,509 SF Single Family Home In Jupiter For $7M
SOLDSingle Family Residence

Nicole McCullough Acquires 7,509 SF Single Family Home In Jupiter For $7M

406 Mariner Drive, Jupiter, Florida 33477, United States

$7,000,000

$932/SF

Building Size

7,509 SF

Asset Type

Single Family Residence

Closing

Aug 23, 2022

AI

The recently closed property transaction in Jupiter, Florida involved the sale of a single-family home situated at 406 Mariner Drive. This spacious property spans approximately 0.5 acres and offers a total of 7,509 square feet of living space. The sale took place on August 24, 2022, and was captured in an image shared on Instagram by Leonard Abramson and Tom Frankel. The property showcases impressive features and is located in the thriving market of Jupiter.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $7,000,000
  • Address: 406 Mariner Drive, Jupiter, Florida
  • Market: Jupiter
  • Asset Type: Single Family
  • Acres: 0.5
  • Square Footage: 7,509

Nicole McCullough and Owen McCullough, affiliated with Integrity Admin Group, acquired the property as the buyers. The sellers were Leonard Abramson, connected with U.S. Healthcare. The buyer's representative in this deal was Ann Cusa from Douglas Elliman. On the other hand, the seller's side was represented by Ellen Meyerson, Allan Meyerson, and Tom Frankel, associated with Admiral’s Cove Realty.

Perpetual Financial Group served as the lending institution in this transaction. The property was sold for $7,000,000, resulting in a price per square foot of $932, attesting to the value of the property. The deal highlights the expertise and professionalism of all parties involved in bringing this transaction to fruition.

Players

Thomas Frankel

Admirals Cove Realty

Broker

$65.8M

vol

7 deals

Broker
Perpetual Financial Group
Perpetual Financial GroupLender

Jupiter 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

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93