Updated Oct 29, 2024
Judith Iovino Acquires Palm Beach Single Family Property For $18.4M
Palm Beach, FL, USA
$18,400,000
$2,215/SF
Building Size
8,306 SF
Asset Type
Single Family Residence
Closing
Jul 15, 2020
About this deal
AI
Judith Iovino and Thomas Iovino of Iovino Enterprises have purchased a single-family property in Palm Beach for a total of $18,400,000. The property boasts a spacious 8,306 square feet and was sold by Joseph Taylor and Hilary Budny of Monroe Township. The transaction was facilitated by Christian Angle of Christian Angle Real Estate, representing the buyers, and Margit Brandt of Brown Harris Stevens, representing the sellers.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $18,400,000
- Square Footage: 8,306
- Price per Square Foot: $2,215
Christian Angle of Christian Angle Real Estate represented Judith Iovino and Thomas Iovino in this transaction, while Margit Brandt of Brown Harris Stevens represented Joseph Taylor and Hilary Budny.
On the Map
$18,400,000
$2,215/SF
Single Family Residence
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Players
Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.2K per square foot on a published $18.4M for 8,306 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93