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Kevin James Sells Oceanfront Mansion In Delray Beach For $12.7M
SOLD
$12,675,000
Florida
See Similar DealsSingle Family Residence11,502 SF
Sold 05/22/2023
SOLD
Kevin James Sells Oceanfront Mansion In Delray Beach For $12.7M
Delray Beach
See Similar DealsSingle Family Residence11,502 SF
Sold 05/22/2023
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,102
Total Square Footage:11,502 SF
Transaction Type:Sale
An LLC managed by private equity investor Kishore Mirchandani has purchased actor Kevin James' 11,502-square-foot oceanfront mansion in Delray Beach, Florida for $12,675,000. The property features six bedrooms, ten bathrooms, and various amenities.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $12,675,000
- Square Footage: 11,502
- Price Per Square Foot: $1,102
- Market: Delray Beach
- Buyer: Kishore Mirchandani
- Seller: Stephanie Anna & Kevin James
- Brokers: Pascal Liguori & Antonio Liguori - Premier Estate Properties
The sale of this property was facilitated by Pascal Liguori and Antonio Liguori of Premier Estate Properties, representing both the buyer and the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$676,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,031.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,085.97
Annual Debt Service$721,031.60
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