George Albrecht Acquires Single Family Home In Palm Beach For $19M With Buyer's Rep Dana Landry & Seller's Rep Paulette Koch & Dana Koch
SOLD
$19,000,000
Florida
See Similar DealsSingle Family5,088 SF
Sold 05/19/2022
SOLD
George Albrecht Acquires Single Family Home In Palm Beach For $19M With Buyer's Rep Dana Landry & Seller's Rep Paulette Koch & Dana Koch
Palm Beach, Florida, United States
See Similar DealsSingle Family5,088 SF
Sold 05/19/2022
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$3,734
Total Square Footage:5,088 SF
Transaction Type:Sale
Located in Palm Beach, this single-family property was recently sold for a staggering $19,000,000. Spanning over 5,088 square feet, this luxurious home offers a price per square foot of $3,734. With its exquisite features and prime location, this property stands as a testament to refined living.
Summary of transation details
- Property Type: Single Family
- Transaction Amount: $19,000,000
- Square Footage: 5,088
- Price Per Square Foot: $3,734
- Market: Palm Beach
Representing the buyer, George Albrecht, a well-known auto dealer made this remarkable purchase. Assisting Albrecht in this transaction was Dana Landry from Dana Edward Landry. On the other side of the deal, Paulette Koch and Dana Koch from the reputable agency Corcoran served as the seller's representatives. The involvement of these experienced professionals further reinforces the magnitude of this sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,013,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$67,502.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$90,069.69
Annual Debt Service$1,080,836.32
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