Robert S. Raynes Jr Acquires Single Family Property In Palm Beach For $41M
$41,000,000
$3,873/SF
Building Size
10,586 SF
Asset Type
Single Family
Closing
Dec 1, 2021
AI
A single-family property located in Palm Beach has been sold for a price of $41,000,000. The property spans approximately 0.75 acres and offers a total of 10,586 square feet of living space. The sale price translates to $3,873 per square foot.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $41,000,000
- Market: Palm Beach
- Acres: 0.75
Robert S. Raynes Jr. has acquired the property, while the seller is Jagbir Singh representing Sujani Enterprises. Christian Angle, from Christian Angle Real Estate, facilitated the transaction as the buyer's representative. Shelly Newman from William Raveis South Florida acted as the seller's representative.
Players
Market Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93