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

Property Image
SOLD
$21,900,000
Nicholas (Nick) Malinosky
Senada Adzem
Jack Elkins
+ 2

Florida

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Single Family Residence12,786 SF
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Property Image
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Stuart R. Morris Acquires Single-Family Home In Delray Beach For $21.9M

Delray Beach, FL, USA

See Similar Deals
Single Family Residence12,786 SF
Sold
Nicholas (Nick) Malinosky
Senada Adzem
Jack Elkins
+ 2
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1712
Total Square Footage:12786 SF
Transaction Type:Sale

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
Gerard Liguori
10 deals$193.3M volume
BROKER
Jack Elkins
William Raveis Real Estate
Jack Elkins
6 deals$135.3M volume
BROKER
Senada Adzem
Douglas Elliman
Senada Adzem
28 deals$657.6M volume
BROKER
Nicholas (Nick) Malinosky
Douglas Elliman
Nicholas Malinosky
19 deals$349.7M volume
BROKER
RP
Randal Perkins
2 deals$43M volume
SELLER

Details

SOLD
IMAGE: Randal Perkins DATE: 07/14/2021 MARKET: Delray Beach ASSET TYPE: Single-Family BUYER: Stuart R. Morris SELLER: Randal Perkins - AshBritt Environmental SALE PRICE: $21,900,000 SF: 13,712 ~ PPSF: $1,597

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,168,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$77,806.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$103,817.17
Annual Debt Service$1,245,806.07