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Wellington, FL, USA

Nancy And Alvin Malnik Acquire Single Family Property In Wellington For $12.3M
SOLDSingle Family Residence

Nancy And Alvin Malnik Acquire Single Family Property In Wellington For $12.3M

Wellington, FL, USA

$12,300,000

$1,708/SF

Building Size

7,199 SF

Asset Type

Single Family Residence

Closing

Oct 27, 2021

AI

A single-family property spanning approximately 17 acres was recently sold in Wellington. The property, which features a total of 7,199 square feet of living space, was purchased by Nancy Malnik and Alvin Malnik, who are associated with The Forge. The sale was facilitated by Thomas Baldwin of Equestrian Sotheby’s International Realty, representing the buyers, and Matthew Johnson of Engel & Volkers, representing the seller, Steven Carr. The transaction took place on October 27, 2021, and the sale price was recorded at $12,300,000, resulting in a price per square foot of $1,709.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $12,300,000
  • Market: Wellington
  • Square Footage: 7,199
  • Buyer: Nancy Malnik; Alvin Malnik - The Forge
  • Seller: Steven Carr
  • Buyer's Representative: Thomas Baldwin - Equestrian Sotheby’s International Realty
  • Seller's Representative: Matthew Johnson - Engel & Volkers

The buyers, Nancy Malnik and Alvin Malnik, associated with The Forge, successfully acquired the property. Thomas Baldwin, an agent with Equestrian Sotheby’s International Realty, represented the buyers in the transaction, while Matthew Johnson of Engel & Volkers represented the seller, Steven Carr. This closed deal was finalized on October 27, 2021, with a sale price of $12,300,000 and a price per square foot of $1,709.

Players

Thomas Baldwin

Sotheby's International Realty

Broker

$36.1M

vol

3 deals

Broker

West 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

1.29%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93