Ara Cohen Of Knighthead Capital Management Sells Single Family Home At 234 Eden Road For $15.5M
234 Eden Road
$15,498,550
$3,641/SF
Building Size
4,256 SF
Asset Type
Single Family
Closing
Apr 3, 2025
AI
The property asset is a single-family home located at 234 Eden Road in Palm Beach, encompassing 0.32 acres. The sale price for the property was $15,498,550, and it features a square footage of 4,256, equating to a price per square foot of $3,642.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $15,498,550
- Address: 234 Eden Road
- Market: Palm Beach
- Acres: 0.32
- Seller: Ara Cohen - Knighthead Capital Management
- Buyer's Representative: Christian Angle - Christian Angle Real Estate
- Seller's Representative: Suzanne Frisbie - The Corcoran Group
- Square Footage: 4,256
- Price per Square Foot: $3,642
Ara Cohen, co-founder of Knighthead Capital Management, is linked to over $67 million in residential deals in Palm Beach. Christian Angle represented the buyer in this transaction while Suzanne Frisbie represented the seller. Cohen previously acquired the Eden Road property for $9.2 million in 2020, realizing a significant gain upon this recent 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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93