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Palm Beach, Florida, United...

George Albrecht Acquires Single Family Home In Palm Beach For $19M With Buyer's Rep Dana Landry & Seller's Rep Paulette Koch & Dana Koch
SOLDSingle Family

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

$19,000,000

$3,734/SF

Building Size

5,088 SF

Asset Type

Single Family

Closing

May 19, 2022

AI

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.

Players

Paulette Koch

The Corcoran Group

Broker

$545.2M

vol

22 deals

Broker

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

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93