8:28 Florida Properties LLC Acquires Single Family Home In North Palm Beach For $22M
North Palm Beach, Florida, United States
$22,000,000
$2,812/SF
Building Size
7,823 SF
Asset Type
Single Family Residence
Closing
Mar 17, 2022
AI
Located in North Palm Beach, this single-family property was sold on March 17, 2022, for a staggering $22,000,000. The transaction was facilitated by Sheila Crosby of One Sotheby's International Realty, representing the buyer, 8:28 Florida Properties LLC, owned by Dan Lonergan. The seller, Robert J. Trulaske Jr., was represented by Susan Callahan from Lost Tree Realty. The property spans over 7,823 square feet, resulting in a price per square foot of $2,812.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $22,000,000
- Market: North Palm Beach
- Buyer: 8:28 Florida Properties LLC - Dan Lonergan
- Seller: Robert J. Trulaske Jr.
- Buyer's Representative: Sheila Crosby - One Sotheby's International Realty
- Seller's Representative: Susan Callahan - Lost Tree Realty
- Lender: Bank Of America
- Property Size: 7,823 square feet
- Price per Square Foot: $2,812
The involvement of key individuals and companies in this deal emphasizes the professional expertise and reputation behind the transaction. Sheila Crosby of One Sotheby's International Realty skillfully represented the buyer, 8:28 Florida Properties LLC, led by Dan Lonergan. On the other side, Susan Callahan from Lost Tree Realty represented the seller, Robert J. Trulaske Jr. Bank Of America acted as the lender in this transaction, providing the necessary financial support.
Players
North 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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93