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Palm Beach, FL, USA

Judith Iovino Acquires Palm Beach Single Family Property For $18.4M
SOLDSingle Family Residence

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

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.

Players

Christian Angle

Christian Angle Real Estate

Broker

$2.7B

vol

99 deals

Broker

Thomas Iovino

Iovino Enterprises

Buyer

$24.2M

vol

2 deals

Buyer
IE
Iovino EnterprisesBuyer

Joseph Taylor

Seller

$18.4M

vol

2 deals

Seller

Palm Beach 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

0.86%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93