Updated Nov 27, 2024
Gary S. Lachman's Greenspoon Marder Acquires SFR In West Palm Beach For $5.2M
4417 S Flagler Dr, West Palm Beach, FL 33405, USA
$5,200,000
$884/SF
Building Size
5,882 SF
Asset Type
Single Family Residence
Closing
Aug 9, 2020
About this deal
AI
The property involved in this transaction is a single-family residential property located at 4417 South Flagler Drive in West Palm Beach. The property has a total square footage of 5,882. The transaction took place on August 10, 2020. The property was sold for a price of $5,200,000, resulting in a price per square foot of $884.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $5,200,000
- Seller: Angela Koch – Douglas Elliman
- Buyer: Gary S. Lachman – Greenspoon Marder
- Buyer's Representative: Linda Fellner Lachman – Berkshire Hathaway HomeServices EWM Realty
The seller, Angela Koch, represented by Douglas Elliman, sold the property to the buyer, Gary S. Lachman, who was represented by Linda Fellner Lachman from Berkshire Hathaway HomeServices EWM Realty. The transaction represents a significant sale in the West Palm Beach market.
Players
West Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $884 per square foot on a published $5.2M for 5,882 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93