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224 Barton Avenue

Alpert P. Hegyi And Cecilia A.T. Hegyi Acquire Palm Beach Single Family Home For $14M
SOLDSingle Family

Alpert P. Hegyi And Cecilia A.T. Hegyi Acquire Palm Beach Single Family Home For $14M

224 Barton Avenue

$14,000,000

$2,078/SF

Building Size

6,735 SF

Asset Type

Single Family

Closing

Jan 8, 2025

AI

The property asset involved in the transaction is a renovated single-family home located at 224 Barton Avenue in Palm Beach, featuring 6,735 square feet of living space. The property sold for $14,000,000 and includes a lap pool. The previous owners, Rod and Dianne Ryan, bought the home in 2007 for $6.75 million, and it was listed for $15.7 million prior to the sale.

Summary of transaction details:

The deal was facilitated by the buyer's representatives, John Cregan and Lisa Cregan from Sotheby's International Realty, and the seller's representatives, Christopher Deitz and Michael Costello from Compass. The transaction was recorded on January 8, 2025, highlighting the involvement of prominent real estate professionals in this high-value sale.

Players

Christopher Deitz

Compass

Broker

$181.1M

vol

8 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

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93