LBCW Investments & Acrewood Acquire Palm Beach Townhouse For $17.8M
221 Brazilian Avenue, Palm Beach, Florida 33480, United States
$17,800,000
$3,550/SF
Building Size
5,014 SF
Asset Type
Other
Closing
Mar 21, 2022
About this deal
AI
This townhouse located at 221 Brazillian Avenue in Palm Beach was recently sold for $17,800,000. Spanning across 5,014 square feet, the property was sold at a price per square foot of $3,550. The transaction took place on March 22, 2022.
Summary of transaction details
- Property Type: Townhouse
- Transaction Amount: $17,800,000
- Address: 221 Brazillian Avenue
- Market: Palm Beach
The buyers in this transaction were LBCW Investments and Acrewood, represented by Stephan Chang. On the other hand, the sellers were Paul Everett Gallagher and Valerie Gallagher. Alice D. Hodach from Keller Williams Palm Beach acted as the buyer's representative, while Christian Angle from Christian Angle Real Estate represented the sellers.
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
0.89%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93