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Palm Beach Gardens, Florida...

Joseph & Nicole McGraw Acquire Single-Family Property In Palm Beach Gardens For $12.2M
SOLDSingle Family

Joseph & Nicole McGraw Acquire Single-Family Property In Palm Beach Gardens For $12.2M

Palm Beach Gardens, Florida, United States

$12,200,000

$1,082/SF

Building Size

11,269 SF

Asset Type

Single Family

Closing

Mar 15, 2022

AI

A single-family property located in Palm Beach Gardens was recently sold for $12,200,000. The property spans 11,269 square feet with a price per square foot of $1,083. The transaction took place on March 15, 2022.

Summary of transaction details:

  • Property Type: Single-Family
  • Transaction Amount: $12,200,000
  • Market: Palm Beach Gardens
  • Buyer: Joseph & Nicole McGraw
  • Seller: George & Sarah McMahon - American Infrastructure Partners
  • Broker: Rob Thomson - Waterfront Properties & Club Communities

The buyer of the property is Joseph & Nicole McGraw, while the seller is George & Sarah McMahon, representing American Infrastructure Partners. The transaction was facilitated by Rob Thomson from Waterfront Properties & Club Communities. Additionally, the property is situated in the desirable Palm Beach Gardens market.

Players

Robert Thomson

Waterfront Properties and Club Communities

Broker

$262.9M

vol

23 deals

Broker
AP
American Infrastructure PartnersSeller

Palm Beach Gardens Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.30%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93