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151 Worth Avenue

Updated Nov 18, 2025

Teddy Tananbaum, Tyler Tananbaum & Sam Zuckert Of TZ Capital Acquire Retail Building In Palm Beach For $80.5M
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Teddy Tananbaum, Tyler Tananbaum & Sam Zuckert Of TZ Capital Acquire Retail Building In Palm Beach For $80.5M

151 Worth Avenue

$80,500,000

$1,657/SF

Building Size

48,578 SF

Asset Type

Retail

Closing

Nov 16, 2025

About this deal

AI

The asset involved in the transaction is a retail property located at 151 Worth Avenue in Palm Beach. The sale price for the property was $80,500,000. The total square footage of the building is 48,578, resulting in a price per square foot of $1,657.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $80,500,000
  • Square Footage: 48,578
  • Price per Square Foot: $1,657
  • Buyer: Teddy Tananbaum, Tyler Tananbaum & Sam Zuckert - TZ Capital
  • Market: Palm Beach

The buyer, TZ Capital, is a real estate investment firm based in West Palm Beach. They plan to undertake an extensive renovation of the vacant building to attract luxury tenants and will be reopening the property’s underground parking with valet services. Newmark Group's Jay Luchs and Lantern Real Estate's Matt Seigel have been engaged to handle leasing for the building.

On the Map

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$80,500,000

$1,657/SF

Retail

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Players

TZ Capital
TZ CapitalBuyer
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Palm Beach Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $1.7K per square foot on a published $80.5M for 48,578 square feet (2025).

Browse Palm Beach retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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