Updated Oct 28, 2024
Sabatello Companies Acquires Palm Beach SFR For $39M
7 Ocean Lane, Palm Beach, Florida 33480, United States
$39,000,000
$1,758/SF
Building Size
22,176 SF
Asset Type
Single Family Residence
Closing
Feb 14, 2022
About this deal
AI
The sale of a single-family residential property located at 7 Ocean Lane in Palm Beach has been completed. The property, represented by Margit Brandt of Compass, was sold for a total price of $39,000,000 on February 15, 2022. The transaction was recorded and confirmed on the official Instagram page of Margit Brandt.
Summary of transaction details:
- Property Type: Single-Family Residential
- Transaction Amount: $39,000,000
- Address: 7 Ocean Lane, Palm Beach
- Seller's Representative: Margit Brandt - Compass
- Buyer: Sabatello Companies
The buyer in this transaction is Sabatello Companies, a prominent real estate company. The seller's representative, Margit Brandt of Compass, played a significant role in facilitating the sale of this property.
Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.8K per square foot on a published $39M for 22,176 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93