facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Land

/

Sale

/

216 Via Marila

Jason Green Acquires Land In Palm Beach For $8.35M With Douglas Elliman Brokers
SOLDLand

Jason Green Acquires Land In Palm Beach For $8.35M With Douglas Elliman Brokers

216 Via Marila

$8,350,000

$1,785/SF

Building Size

4,677 SF

Asset Type

Land

Closing

Mar 28, 2024

AI

A property at 216 Via Marila in Palm Beach's North End, featuring a 1961-built four-bedroom house on a two-fifths of an acre lot, has been sold for $8.35 million to a company associated with New York builder and developer Jason Green. The lot offers beach access, direct access to the Lake Trail along the Intracoastal Waterway, and backs up to a private lane accessing a two-car garage, potentially paving the way for new construction plans.

Summary of transation details:

The property at 216 Via Marila has been acquired by a company connected to Jason Green, a well-known New York builder and developer. Assisted by brokers Cara McClure, Lisa Wilkinson, and Thor Brown from Douglas Elliman, the transaction marks a significant investment in the North End of Palm Beach. The property's proximity to the beach and access to various amenities make it an attractive choice for potential development projects.

Players

Lisa Wilkinson

Douglas Elliman

Broker

$87M

vol

11 deals

Broker

Palm Beach Land Market Snapshot

Boundary boundary · Land · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.90%

Cash-on-Cash

-0.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93