Ed Rabin Acquires Single Family Property On South County Road In Palm Beach For $5.6M
505 South County Road, Palm Beach, FL, USA
$5,600,000
$1,657/SF
Building Size
3,378 SF
Asset Type
Single Family Residence
Closing
Apr 15, 2021
AI
The single-family property located at 505 South County Road in Palm Beach has been sold for $5,600,000. The property spans 3,378 square feet, resulting in a price per square foot of $1,658. The transaction took place on April 16, 2021.
Summary of transation details
- Property Type: Single Family
- Transaction Amount: $5,600,000
- Address: 505 South County Road, Palm Beach
- Market: Palm Beach
The buyer of the property is Ed Rabin, who represents Sally Beauty Holdings. The sellers of the property are George S. Mann and Carla Harrod. Ed Rabin was represented by Christian Angle of Christian Angle Real Estate, while the sellers were represented by Dana Koch of The Corcoran Group.
Players
Palm Beach 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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93