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3674 Grand Prix Farms Rd, W...

Candy Trust LLC Buys Single Family Home From Athina Onassis Roussel
SOLDSingle Family

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:

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

Illustrated Properties Real Estate

Broker

$227.5M

vol

9 deals

Broker

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