Updated Oct 29, 2024
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
About this deal
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.
On the Map
$19,000,000
$3,734/SF
Single Family
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Players
Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $3.7K per square foot on a published $19M for 5,088 square feet (2022).
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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