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North Palm Beach, Florida, ...

Shane Caiazzo & Billy Nash Acquire Single Family Home In North Palm Beach For $9M
SOLDSingle Family Residence

Shane Caiazzo & Billy Nash Acquire Single Family Home In North Palm Beach For $9M

North Palm Beach, Florida, United States

$9,000,000

$1,184/SF

Building Size

7,600 SF

Asset Type

Single Family Residence

Closing

Jan 24, 2022

AI

A single-family property in North Palm Beach has been sold for $9,000,000. The property spans 7,600 square feet, resulting in a price per square foot of $1,184. The sale took place on January 24, 2022, and the buyers are Jennifer Caiazzo and Shane Caiazzo of CFGI. The sellers are Lois and Steven Muller. Billy Nash, representing Nash Luxury at Illustrated Properties, served as the broker for the transaction.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $9,000,000
  • Market: North Palm Beach
  • Buyer: Jennifer Caiazzo; Shane Caiazzo - CFGI
  • Seller: Lois & Steven Muller
  • Broker: Billy Nash - Nash Luxury at Illustrated Properties

The deal was facilitated by Billy Nash, a representative of Nash Luxury at Illustrated Properties. The purchase was made by Jennifer Caiazzo and Shane Caiazzo of CFGI. On the selling side were Lois and Steven Muller. The transaction closed on January 24, 2022, and the property is located in North Palm Beach.

Players

Billy Nash

Illustrated Properties Real Estate

Broker

$33.2M

vol

4 deals

Broker

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

1.76%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93