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141 Atlantic Avenue

David Soane Acquires Single Family Home In Palm Beach For $5.75M
SOLDSingle Family

David Soane Acquires Single Family Home In Palm Beach For $5.75M

141 Atlantic Avenue

$5,750,000

$1,150/SF

Building Size

5,000 SF

Asset Type

Single Family

Closing

Mar 14, 2024

AI

The single-family property located at 141 Atlantic Avenue in Palm Beach, FL, was sold for $5,750,000. The building spans 5,000 square feet, resulting in a price per square foot of $1,150. The transaction took place on March 14, 2024, with David Soane acquiring the property from Duc Nhu Ha. Frank Herz from Keller Williamsrepresented both parties in the deal.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $5,750,000
  • Buyer: David Soane
  • Seller: Duc Nhu Ha
  • Broker: Frank Herz - Keller Williams

Frank Herz of Keller Williams played a pivotal role as the broker in facilitating the sale of the property at 141 Atlantic Avenue. The transaction was successfully completed, with both the buyer, David Soane, and the seller, Duc Nhu Ha, reaching a mutually beneficial agreement.

Players

Frank Herz

Keller Williams Realty

Broker

$16.4M

vol

2 deals

Broker

Palm Beach Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.76%

Cash-on-Cash

-0.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93