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Jeffrey A. Levitetz Of Bark Management Acquires Office Building In Palm Beach Gardens For $15.85M

Property Image
SOLD
$15,850,000
Gary Gottlieb
Bastian Schauer
+ 2

Florida

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Office47,000 SF
Sold
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Property Image
SOLD

Jeffrey A. Levitetz Of Bark Management Acquires Office Building In Palm Beach Gardens For $15.85M

4440 Pga Boulevard

See Similar Deals
Office47,000 SF
Sold
Gary Gottlieb
Bastian Schauer
+ 2
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$337
Total Square Footage:47000 SF
Transaction Type:Sale

The property asset involved in this transaction is an office located at 4440 Pga Boulevard in Palm Beach Gardens. It encompasses a total area of 47,000 square feet and was sold for $15,850,000, translating to a price per square foot of $337.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $15,850,000
  • Address: 4440 Pga Boulevard
  • Market: Palm Beach Gardens
  • Square Footage: 47,000
  • Price Per Square Foot: $337
  • Buyer: Jeffrey A. Levitetz - Bark Management
  • Seller: Ann Costello & Michael Costello - Narragansett Realty II
  • Seller's Representative: Gary Gottlieb, Bastian Schauer & Mark M. Rubin - Colliers

This transaction features key individuals including buyer Jeffrey A. Levitetz, affiliated with Bark Management, and sellers Ann Costello and Michael Costello, representing Narragansett Realty II. The sellers' interests were brokered by Gary Gottlieb, Bastian Schauer, and Mark M. Rubin from Colliers.

Players

Gary Gottlieb
4 deals$51.5M volume(561) 889-5707
BROKER

Mark M. Rubin
Colliers
36 deals$885.3M volume(561) 302-2511
BROKER

Bastian Schauer
Colliers
40 deals$2.9B volume(561) 281-6656
BROKER


Michael Costello
6 deals$109.9M volume
SELLER

Details

SOLD
IMAGE: Gary Gottlieb, Bastian Schauer & Mark M. Rubin DATE: 11/14/2025 ADDRESS: 4440 Pga Boulevard MARKET: Palm Beach Gardens ASSET TYPE: Office BUYER: Jeffrey A. Levitetz - Bark Management SELLER: Ann Costello & Michael Costello - Narragansett Realty II SELLER'S REP: Gary Gottlieb, Bastian Schauer (@Bastian1992) & Mark M. Rubin (@Sofloinvestmentsales) - Colliers (@ColliersInternational) SALE PRICE: $15,850,000 SF: 47,000 ~ PPSF: $337

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$56,311.71
Cash-on-Cash Return-1.27%
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