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Palm Beach, FL, USA

Eric D. Moskow Acquires Palm Beach Single Family For $17.2M
SOLDSingle Family

Eric D. Moskow Acquires Palm Beach Single Family For $17.2M

Palm Beach, FL, USA

$17,200,000

$929/SF

Building Size

18,500 SF

Asset Type

Single Family

Closing

Oct 7, 2021

AI

A single-family property situated on a vast 2.5-acre lot in Palm Beach has been sold for $17,200,000. The transaction, which took place on October 7, 2021, involved a property with a total area of 18,500 square feet. The price per square foot was approximately $930. The buyers, Eric D. Moskow, represented by Moskow Management Trust, acquired the property from the sellers, Moeen and Wejdan Khalil. Senada Adzem of Douglas Elliman acted as the broker in the deal.

Summary of transation details

  • Property Type: Single Family
  • Transaction Amount: $17,200,000
  • Market: Palm Beach
  • Acres: 2.5

Eric D. Moskow, represented by Moskow Management Trust, emerged as the buyer of the property, while Moeen and Wejdan Khalil were the sellers. Senada Adzem of Douglas Elliman played a crucial role as the broker in facilitating the transaction. The property, with its distinctive features and substantial size, attracted significant attention in the Palm Beach market.

Players

Senada Adzem

Douglas Elliman

Broker

$719.1M

vol

29 deals

Broker
MT
Moskow Management TrustBuyer

Palm Beach Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.92%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93