Crista Ryan & Margit Brandt Close $31M Single Family Sale In Palm Beach
SOLD
Florida
See Similar DealsSingle Family7,852 SF
Sold 07/09/2024
SOLD
Crista Ryan & Margit Brandt Close $31M Single Family Sale In Palm Beach
584 Island Drive
See Similar DealsSingle Family7,852 SF
Sold 07/09/2024
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$3,948
Total Square Footage:7,852 SF
Transaction Type:Sale
Located in Palm Beach at 584 Island Drive, the single-family property was recently sold for $31,000,000. Spanning 7,852 square feet, the sale price per square foot was $3,948.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $31,000,000
- Address: 584 Island Drive
- Market: Palm Beach
The buyer's representative for this transaction was Crista Ryan from Tina Fanjul Associates, Inc. On the other side, Margit Brandt from Premier Estate Properties represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,653,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$110,136.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$146,955.82
Annual Debt Service$1,763,469.79
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