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:
- Property Type: Single Family
- Transaction Amount: $14,000,000
- Address: 224 Barton Avenue
- Market: Palm Beach
- Square Footage: 6,735
- Price Per Square Foot: $2,079
- Buyer: Alpert P. Hegyi & Cecilia A.T. Hegyi
- Seller: Dianne & Rod Ryan
- Buyer's Representative: John Cregan & Lisa Cregan - Sotheby's International Realty
- Seller's Representative: Christopher Deitz & Michael Costello - Compass
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
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