Compass Florida Acquires Palm Beach Single-Family Home For $21M
SOLD
$21,000,000
Florida
See Similar DealsSingle Family Residence5,900 SF
Sold 05/05/2022
SOLD
Compass Florida Acquires Palm Beach Single-Family Home For $21M
Palm Beach, Florida, United States
See Similar DealsSingle Family Residence5,900 SF
Sold 05/05/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$3,559
Total Square Footage:5,900 SF
Transaction Type:Sale
The single-family property located in Palm Beach has been sold for $21,000,000. It spans across 5,900 square feet, resulting in a price per square foot of $3,559. The sale was finalized on 05/05/2022.
Summary of transaction details
- Property Type: Single-Family
- Transaction Amount: $21,000,000
- Market: Palm Beach
- Square Footage: 5,900
- Price per Square Foot: $3,559
The seller of the property was Pamela A. Perri Reyes and David “Duke” K. Reyes, who are affiliated with Reyes Holdings. Lisa & John Cregan from Sotheby’s International Realty acted as the seller's representatives in the transaction. The buyer was represented by Jonathan Duerr, who is associated with Compass Florida.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,120,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$74,608.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$99,550.71
Annual Debt Service$1,194,608.56
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