1450 North Lake Way Trust Acquires Palm Beach Single Family For $37.8M
Palm Beach, FL, USA
$37,800,000
$2,810/SF
Building Size
13,449 SF
Asset Type
Single Family
Closing
Oct 4, 2021
AI
The property involved in this transaction is a single-family home located in Palm Beach. The property covers an area of 0.7 acres. The sale took place on October 4, 2021.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $37,800,000
- Square Footage: 13,449
- Price Per Square Foot: $2,811
- Market: Palm Beach
The buyer in this transaction is the 1450 North Lake Way Trust, and the seller is Susan Markin. The buyer was represented by Lisa Cregan from Sotheby's International Realty, while the seller was represented by Bradford Miller and Pamela Miller from Bradford P Miller Real Estate.
Players
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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93