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Delray Beach, FL, USA

Stuart R. Morris Acquires Single-Family Home In Delray Beach For $21.9M
SOLDSingle Family Residence

Stuart R. Morris Acquires Single-Family Home In Delray Beach For $21.9M

Delray Beach, FL, USA

$21,900,000

$1,712/SF

Building Size

12,786 SF

Asset Type

Single Family Residence

Closing

Jul 14, 2020

AI

A single-family property in Delray Beach was recently sold for $21,900,000. The transaction took place on 07/14/2021. The property spans approximately 13,712 square feet, resulting in a price per square foot of $1,597. The buyer of the property was Stuart R. Morris, while the seller was Randal Perkins, represented by AshBritt Environmental.

Summary of transaction details:

  • Property Type: Single-Family
  • Transaction Amount: $21,900,000
  • Square Footage: 13,712
  • Price per Square Foot: $1,597
  • Market: Delray Beach

Randal Perkins, the seller, was represented by AshBritt Environmental in the deal. There is no additional information available about the transaction.

Players

Gerard Liguori

Premier Estate Properties

Broker

$193.3M

vol

10 deals

Broker

Randal Perkins

AshBritt Environmental

Seller

$43M

vol

2 deals

Seller

Delray 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