SOLDOther
Margit Brandt Acquires Palm Beach Townhouse For $18.6M
219 Brazilian Avenue, Palm Beach, Florida 33480, United States
$18,600,000
$3,648/SF
Building Size
5,098 SF
Asset Type
Other
Closing
May 1, 2022
AI
A townhouse located at 219 Brazilian Ave in Palm Beach has been sold for $18,600,000. The property spans 5,098 square feet, resulting in a price per square foot of $3,648.
Summary of transaction details
- Property Type: Townhouse
- Transaction Amount: $18,600,000
- Address: 219 Brazilian Ave, Palm Beach
- Market: Palm Beach
The buyer's representative in this deal was Margit Brandt, while Jim McCann from Premier Estate Properties represented the seller.
Players
Palm Beach Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.85%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93