Candy Trust LLC Buys Single Family Home From Athina Onassis Roussel
3674 Grand Prix Farms Rd, Wellington...
$12,750,000
Building Size
—
Asset Type
Single Family
Closing
Apr 20, 2017
AI
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:
- Property Type: Single Family
- Transaction Amount: $12,750,000.00
- Address: 3674 Grand Prix Farms Rd, Wellington
- Market Value: $1,134 per square foot
- Seller: Athina Onassis Roussel
- Buyer: Candy Trust LLC
- Buyer's Representative: Marley Goodman Overman(Christie's International Real Estate)
- Seller's Representatives: Maria Mendelsohn(Douglas Elliman), Thomas "Tom" Baldwin(Sotheby's International Realty)
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
Market 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
1.24%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93