Alia Bint Hussein Sells Palm Beach Single Family Home To 1330 NLW For $45.4M
SOLD
$45,400,000
Florida
See Similar DealsSingle Family7,048 SF
Sold 03/21/2022
SOLD
Alia Bint Hussein Sells Palm Beach Single Family Home To 1330 NLW For $45.4M
Palm Beach, Florida, United States
See Similar DealsSingle Family7,048 SF
Sold 03/21/2022
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$6,441
Total Square Footage:7,048 SF
Transaction Type:Sale
A single-family property in Palm Beach has been sold for $45,400,000. The property spans 7,048 square feet, resulting in a price per square foot of $6,442. The transaction took place on 03/21/2022.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $45,400,000
- Market: Palm Beach
- Seller: Alia Bint Hussein
- Buyer: 1330 NLW
Representing the buyer, Christopher Leavitt from Douglas Elliman facilitated the deal. On the other side, the seller was represented by Shelly Newman from William Raveis South Florida.
It is worth noting that Princess Alia bint Hussein, the eldest child of King Hussein of Jordan, is the seller of the property. Her mother is Sharifa Dina bint Abdul-Hamid, the first wife of King Hussein.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,421,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$161,296.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$215,219.16
Annual Debt Service$2,582,629.94
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