facebook
Traded Co logo
Submit

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

Property Image
SOLD
$140,000,000

Florida

See Similar Deals
Single Family Residence21,066 SF
Sold 02/11/2021
the dealplayerscompscontact
Property Image
SOLD

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

535 North County Road, Palm Beach, FL, USA

See Similar Deals
Single Family Residence21,066 SF
Sold 02/11/2021
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$6,645
Total Square Footage:21,066 SF
Transaction Type:Sale

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

64 deals$2.4B volume(561) 655-5510
BROKER

Ryan Serhant
43 deals$955.1M volume
BROKER

4 deals$243.2M volume
SELLER

4 deals$243.2M volume
SELLER

Details

SOLD
IMAGE: Chris Leavitt, Scott Shleifer, Mark Pulte & @RyanSerhant DATE: 02/11/2021 ADDRESS: 535 North County Road MARKET: Palm Beach 🏝 ASSET TYPE: SFR BUYER: Scott Shleifer - Tiger Global Management SELLER: Mark Pulte BUYER'S REP: Ryan Serhant - @Serhant & Chris Leavitt - Douglas Elliman SELLER'S REP: Lawrence Moens - Lawrence A. Moens Associates ASKING PRICE: $140,000,000 (approx.) 👀 🤯 SF: 21,066 ~ ACRES: 2.25

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$7,466,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$497,390.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$663,671.42
Annual Debt Service$7,964,057.10