Updated May 12, 2025
David Tepper Acquires $73M Palm Beach SFR From Patrick & Lillian Carney
905 North Ocean Boulevard, Palm Beach, FL, USA
$73,000,000
$6,083/SF
Building Size
12,000 SF
Asset Type
Single Family Residence
Closing
Feb 11, 2021
About this deal
AI
The asset involved in this transaction is a single-family residence located in Palm Beach, which encompasses a total of 12,000 square feet. The property was sold for $73,000,000, translating to a price per square foot of $6,083.
Summary of transation details:
- Property Type: SFR
- Transaction Amount: $73,000,000
- Buyer: David Tepper
- Seller: Patrick & Lillian Carney
- Market: Palm Beach
- Square Footage: 12,000
- Price per Square Foot: $6,083
David Tepper was the buyer in this transaction, while the sellers were Patrick and Lillian Carney. This deal emphasizes the involvement of significant individuals in the high-value real estate market of Palm Beach.
Players
Delray Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $6.1K per square foot on a published $73M for 12,000 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93