Mary Kniffin Snyder Acquires Co-op On Worth Avenue For $5.3M
425 Worth Avenue, Palm Beach, FL, USA
$5,300,000
$1,918/SF
Building Size
2,762 SF
Asset Type
Other
Closing
May 25, 2021
About this deal
AI
The co-op located at 425 Worth Avenue in Palm Beach has been sold for $5,300,000. The property spans 2,762 square feet, resulting in a price per square foot of $1,919.
Summary of transaction details:
- Property Type: Co-op
- Transaction Amount: $5,300,000
- Address: 425 Worth Avenue
- Market: Palm Beach
Mary Kniffin Snyder has purchased the co-op from Janice McNair, the owner of the Houston Texans. Representing the buyer is Grace Brown from Brown Harris Stevens, while Linda Olsson from Linda R. Olsson Inc. acted as the seller's representative.
On the Map
$5,300,000
$1,918/SF
Other
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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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93