Cobey W. Rapaport Sells Palm Beach SFR For $30.9M With Buyer's Rep Ann Summers
SOLD
$30,985,000
Florida
See Similar DealsSingle Family Residence17,000 SF
Sold 02/08/2021
SOLD
Cobey W. Rapaport Sells Palm Beach SFR For $30.9M With Buyer's Rep Ann Summers
790 South County Road, Palm Beach, FL, USA
See Similar DealsSingle Family Residence17,000 SF
Sold 02/08/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,822
Total Square Footage:17,000 SF
Transaction Type:Sale
The property involved in this transaction is a single-family home located at 790 S. County Road in Palm Beach. The seller of the property is Cobey W. Rapaport. The buyer is represented by Ann Summers from Brown Harris Stevens, while Christian Angle from Christian Angle Real Estate represents the seller. The transaction took place on 02/08/2021.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $30,985,000
- Address: 790 S. County Road
- Market: Palm Beach
- Square Footage: 17,000
- Price Per Square Foot: $1,822
This transaction involved Ann Summers from Brown Harris Stevens as the buyer's representative and Christian Angle from Christian Angle Real Estate as the seller's representative. They played a crucial role in facilitating the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,652,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$110,083.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$146,884.71
Annual Debt Service$1,762,616.49
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