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
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