Todd Peter Of Sotheby's International Realty Represents Buyer In $8.2M Sale Of Palm Beach Home
SOLD
$8,200,000
Florida
See Similar DealsSingle Family Residence3,354 SF
Sold 07/25/2025
SOLD
Todd Peter Of Sotheby's International Realty Represents Buyer In $8.2M Sale Of Palm Beach Home
240 Atlantic Avenue
See Similar DealsSingle Family Residence3,354 SF
Sold 07/25/2025
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,444
Total Square Footage:3,354 SF
Transaction Type:Sale
The property asset involved in the transaction is a single family home located at 240 Atlantic Avenue in the Palm Beach market. The sale was completed for a price of $8,200,000, encompassing a total area of 3,354 square feet, resulting in a price per square foot of $2,444.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $8,200,000
- Address: 240 Atlantic Avenue
- Market: Palm Beach
- Square Footage: 3,354
- Price per Square Foot: $2,444
- Buyer's Representative: Todd Peter - Sotheby's International Realty
- Seller's Representative: Chris Leavitt - Douglas Elliman
The key individuals involved in the transaction include Todd Peter representing the buyer through Sotheby's International Realty and Chris Leavitt representing the seller from Douglas Elliman. This collaboration facilitated the successful closure of the sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$437,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,132.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,872.18
Annual Debt Service$466,466.20
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