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535 North County Road, Palm...

Tiger Global Management Acquires SFR In Palm Beach For $140M
SOLDSingle Family Residence

Tiger Global Management Acquires SFR In Palm Beach For $140M

535 North County Road, Palm Beach, FL, USA

$140,000,000

$6,645/SF

Building Size

21,066 SF

Asset Type

Single Family Residence

Closing

Feb 10, 2021

AI

A single-family residence located at 535 North County Road in Palm Beach has been sold in a recent transaction. The property is situated in the desirable Palm Beach area and spans an area of 2.25 acres. The sale, which took place on February 11, 2021, involved a total of 21,066 square feet of living space. The property was sold by Mark Pulte, while the buyer was Scott Shleifer of Tiger Global Management.

Summary of transaction details

  • Property Type: Single-family residence
  • Transaction Amount: Approximately $140,000,000
  • Market: Palm Beach

The buyer, Scott Shleifer, was represented by Ryan Serhant of Serhant and Chris Leavitt of Douglas Elliman. On the other hand, Lawrence Moens of Lawrence A. Moens Associates served as the seller's representative. The asking price for the property was around $140,000,000, highlighting the exclusivity and desirability of the asset.

Players

Lawrence Moens

Broker

$2.4B

vol

64 deals

Broker

Mark Pulte

Seller

$243.2M

vol

4 deals

Seller

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

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93