Vorys, Sater, Seymour & Pease LLP Acquires Single Family Home In Palm Beach For $23.7M
SOLD
$23,700,000
Florida
See Similar DealsSingle Family7,273 SF
Sold 03/26/2021
SOLD
Vorys, Sater, Seymour & Pease LLP Acquires Single Family Home In Palm Beach For $23.7M
235 Via Vizcaya, Palm Beach, FL, USA
See Similar DealsSingle Family7,273 SF
Sold 03/26/2021
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$3,258
Total Square Footage:7,273 SF
Transaction Type:Sale
The single-family property located at 235 Via Vizcaya in Palm Beach has been sold in a recent transaction. The property spans 7,273 square feet and was sold for a price of $23,700,000, resulting in a price per square foot of $3,259. The buyer in this transaction was Kristin L. Woeste from Vorys, Sater, Seymour & Pease LLP. The seller of the property was Steve Wynn.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $23,700,000
- Square Footage: 7,273
- Price per Square Foot: $3,259
- Buyer: Kristin L. Woeste - Vorys, Sater, Seymour & Pease LLP
- Seller: Steve Wynn
The buyer in this transaction, Kristin L. Woeste, represents Vorys, Sater, Seymour & Pease LLP. This deal highlights the involvement of various parties, including the buyer's representative and the seller, Steve Wynn.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,264,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$84,201.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$112,350.09
Annual Debt Service$1,348,201.09
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