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Mary Kniffin Snyder Acquires Co-op On Worth Avenue For $5.3M

Property Image
SOLD
$5,300,000
Grace Brown
Linda Olsson

Florida

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Other2,762 SF
Sold 05/26/2021
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Property Image
SOLD

Mary Kniffin Snyder Acquires Co-op On Worth Avenue For $5.3M

425 Worth Avenue, Palm Beach, FL, USA

See Similar Deals
Other2,762 SF
Sold 05/26/2021
Grace Brown
Linda Olsson
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Other
Price Per Square Foot:$1,918
Total Square Footage:2,762 SF
Transaction Type:Sale

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.

Players

Linda Olsson
Linda R. Olsson
Linda Olsson
10 deals$131.1M volume
BROKER
Grace Brown
Brown Harris Stevens
Grace Brown
1 deal$5.3M volume
BROKER

Details

SOLD
IMAGE: Linda Olsson, Janice McNair & Grace Brown DATE: 05/26/2021 ADDRESS: 425 Worth Avenue MARKET: Palm Beach ASSET TYPE: Co-op BUYER: Mary Kniffin Snyder SELLER: Janice McNair - Houston Texans BUYER'S REP: Grace Brown - Brown Harris Stevens SELLER'S REP: Linda Olsson - Linda R. Olsson Inc. SALE PRICE: $5,300,000 SF: 2,762 ~ PPSF: $1,919

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$18,829.77
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