Alan And Judith Fellheimer Purchase Single Family Residence From Garbiso Family Trust For $4M
SOLD
$4,000,000
Florida
See Similar DealsSingle Family Residence4,917 SF
Sold 03/18/2025
SOLD
Alan And Judith Fellheimer Purchase Single Family Residence From Garbiso Family Trust For $4M
820 Ne Bay Isle Dr
See Similar DealsSingle Family Residence4,917 SF
Sold 03/18/2025
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$813
Total Square Footage:4,917 SF
Transaction Type:Sale
The property involved in this transaction is a single-family residence located at 820 Ne Bay Isle Dr in Boca Raton. The transaction was finalized at a price of $4,000,000.00, and the property encompasses a square footage of 4,917.0.
Summary of transaction details:
- Property Type: Single Family Residence
- Transaction Amount: $4,000,000.00
- Address: 820 Ne Bay Isle Dr
- Market: Boca Raton
- Square Footage: 4,917.0
- Seller: Garbiso Family Trust
- Buyer: Alan and Judith Fellheimer
- Buyer's Representative: Andre Huyghues Despointes (Sutter & Nugent)
In this transaction, the Garbiso Family Trust acted as the seller while Alan and Judith Fellheimer were the buyers. The buyers were represented in the deal by Andre Huyghues Despointes from Sutter & Nugent.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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