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
Palm Beach Gardens Office Market Snapshot
Boundary boundary · Office · Sale transactions
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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