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.
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