Crest Road LLC Acquires 1.5 Acre Single Family Property In Palm Beach For $25M
635 Crest Road, Palm Beach, FL, USA
$25,000,000
$3,998/SF
Building Size
6,253 SF
Asset Type
Single Family Residence
Closing
Dec 1, 2021
AI
Crest Road LLC has acquired a single-family property located at 635 Crest Road in Palm Beach. The property spans approximately 1.5 acres and features a total of 6,253 square feet. The transaction took place on 12/02/2021.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $25,000,000
- Address: 635 Crest Road, Palm Beach
- Market: Palm Beach
- Buyer: Crest Road LLC - Maura Ziska
- Seller: Ambrose K. Monnell, Lili C. Monnell & Maia Monell
- Square Footage: 6,253
- Price per Square Foot: $3,998
Maura Ziska, representing Crest Road LLC, acted as the buyer in this transaction. The seller, Ambrose K. Monnell, Lili C. Monnell, and Maia Monell, completed the sale of the property to Crest Road LLC for a total price of $25,000,000. The property offers an expansive space of 6,253 square feet within the desirable Palm Beach market.
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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93