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.
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