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
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