Equity Management Partners Acquires Single Family Property In Belleair For $7.1M
Belleair, FL, USA
$7,100,000
$592/SF
Building Size
11,982 SF
Asset Type
Single Family Residence
Closing
Nov 27, 2021
AI
The single-family property located in Belleair has been sold for $7,100,000. The property spans an impressive 1.82 acres and offers a spacious living area of 11,982 square feet. The price per square foot comes to $593, reflecting the value of this remarkable asset.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $7,100,000
- Market: Belleair
- Acres: 1.82
- Buyer: Equity Management Partners - Ben Mallah
- Seller: Chateau Galinski LLC
- Brokers: Dania Perry & Rick Perry - CENTURY 21 Jim White & Associates
The buyer of the property is Equity Management Partners, represented by Ben Mallah. On the other hand, the seller is Chateau Galinski LLC. The transaction was facilitated by the brokers Dania Perry and Rick Perry from CENTURY 21 Jim White & Associates. Their expertise in the Belleair market played a significant role in closing this deal successfully.
Players
Belleair 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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93