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Candy Trust LLC Buys Single Family Home From Athina Onassis Roussel

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SOLD
$12,750,000

National

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Single Family
Sold 04/20/2017
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Property Image
SOLD

Candy Trust LLC Buys Single Family Home From Athina Onassis Roussel

3674 Grand Prix Farms Rd, Wellington...

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Single Family
Sold 04/20/2017
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Summary

Asset Type:Single Family
Transaction Type:Sale

The property at 3674 Grand Prix Farms Rd in Wellington, recently sold for $12,750,000. The single-family asset features a 20-stall barn, a two-bedroom two-bathroom owners’ apartment on the second level, and occupies 11,246 square feet of indoor space on 5.62 acres. The price per square foot equates to $1,134.

Summary of transation details:

The buyer, Candy Trust LLC, linked to TAG Associates, a New York family office handling portfolio management for wealthy clients, acquired the property. Marley Goodman Overman of Illustrated Properties represented the buyer, while Maria Mendelsohn of Douglas Elliman represented the seller. Nicolette Goldfarb, an agent with the Overman Group, highlighted the features of the property, which include the 20-stall barn, a two-bedroom two-bathroom owners’ apartment, and a balcony overlooking the riding ring and grass field.

Players

Marley Goodman Overman
9 deals$227.5M volume
BROKER

Thomas "Tom" Baldwin
Sotheby's International Realty
3 deals$36.1M volume
BROKER

 Maria Mendelsohn
Douglas Elliman
6 deals$112.2M volume
BROKER

Details

SOLD
IMAGE: 04/20/2017 ADDRESS: 3674 Grand Prix Farms Rd, Wellington... ASSET TYPE: Single Family BUYER'S REP: Marley Goodman Overman(Christie's International Real Estate) SELLER'S REP: Maria Mendelsohn(Douglas Elliman), Thomas "Tom" Baldwin(Sotheby's International Realty) BUYER: Candy Trust LLC SELLER: Athina Onassis Roussel PRICE: $12,750,000.00

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$679,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$45,298.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,441.50
Annual Debt Service$725,298.06