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4440 Pga Boulevard

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

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

4440 Pga Boulevard

$15,850,000

$337/SF

Building Size

47,000 SF

Asset Type

Office

Closing

Nov 13, 2025

AI

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

Colliers

Broker

$51.5M

vol

4 deals

Broker

Jeffrey A. Levitetz

Buyer

$97M

vol

4 deals

Buyer
Michael Costello

Michael Costello

Seller

$109.9M

vol

6 deals

Seller

Palm Beach Gardens Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.00%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93