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Dana Falk Purchases Single Family Home From Matthew Resnicoff In Jupiter For $15.29M

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SOLD
$15,292,470

Florida

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Single Family9,865 SF
Sold 12/04/2024
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Property Image
SOLD

Dana Falk Purchases Single Family Home From Matthew Resnicoff In Jupiter For $15.29M

162 Bears Club Drive

See Similar Deals
Single Family9,865 SF
Sold 12/04/2024
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,550
Total Square Footage:9,865 SF
Transaction Type:Sale

A single-family mansion located at 162 Bears Club Drive in Jupiter has been sold for $15,292,470. This property features a total area of 9,865 square feet, equating to a price per square foot of $1,550. The sale marks a gain of $800,000 for the seller over the purchase price from 2023, when the property was acquired for $14.5 million.

Summary of transaction details:

The seller, Matthew Resnicoff, is a music producer. The buyer, Dana Falk, is the widow of Baxter executive Ralph N. Falk II. The representatives for each party played key roles in facilitating the transaction, with Melanie Barre and Sheila Crosby representing the buyer and Johnny DelPrete representing the seller.

Players

Sheila Crosby
4 deals$79.1M volume
BROKER

Johnny DelPrete
Douglas Elliman
4 deals$39.5M volume(772) 215-5503
BROKER

Melanie Barre
Sotheby's International Realty
2 deals$47.2M volume(561) 818-1981
BROKER

Nest Seekers International
BROKERAGE

Details

SOLD
IMAGE: Sheila Crosby, Johnny DelPrete & Melanie Barre DATE: 12/04/2024 ADDRESS: 162 Bears Club Drive MARKET: Jupiter ASSET TYPE: Single Family BUYER: Dana Falk SELLER: Matthew Resnicoff BUYER'S REP: Melanie Barre (@Melanie.Barre2) & Sheila Crosby (@Sheila_Crosby) - One Sotheby's International Realty (@Onesir) SELLER'S REP: Johnny DelPrete (@JDelp) - Douglas Elliman (@DouglasElliman) SALE PRICE: $15,292,470 SF: 9,865 ~ PPSF: $1,550 NOTE: Music producer Matthew Resnicoff sold his 9,865-square-foot mansion in Jupiter’s Bears Club for $15.29 million, a $800,000 gain over his purchase price of $14.5 million in 2023. The buyer, Dana Falk, widow of Baxter executive Ralph N. Falk II, was represented by One Sotheby’s International Realty’s Melanie Barre and Sheila Crosby.

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

$815,598.41

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$54,330.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$72,494.11
Annual Debt Service$869,929.32