Margit Brandt Acquires Palm Beach Townhouse For $18.6M
SOLD
$18,600,000
Florida
See Similar DealsOther5,098 SF
Sold 05/02/2022
SOLD
Margit Brandt Acquires Palm Beach Townhouse For $18.6M
219 Brazilian Avenue, Palm Beach, Florida 33480, United States
See Similar DealsOther5,098 SF
Sold 05/02/2022
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$3,648
Total Square Footage:5,098 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$991,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$66,081.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$88,173.49
Annual Debt Service$1,058,081.87
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