Updated Oct 29, 2024
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
About this deal
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.
On the Map
$17,200,000
$929/SF
Single Family
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Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $929 per square foot on a published $17.2M for 18,500 square feet (2021).
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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