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PB House Trust Acquires SFR In Palm Beach For $10.67M

Property Image
SOLD
$10,670,000
Suzanne Frisbie
Scott Robins
Todd Michael Glaser
+ 2

Florida

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Single Family Residence7,536 SF
Sold 07/07/2020
the dealplayerscompscontact
Property Image
SOLD

PB House Trust Acquires SFR In Palm Beach For $10.67M

111 Atlantic Avenue, Palm Beach, FL, USA

See Similar Deals
Single Family Residence7,536 SF
Sold 07/07/2020
Suzanne Frisbie
Scott Robins
Todd Michael Glaser
+ 2
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,415
Total Square Footage:7,536 SF
Transaction Type:Sale

A single-family residential property located at 111 Atlantic Avenue in Palm Beach has been sold for a price of $10,670,000. The property spans across 7,536 square feet, which results in a price per square foot of $1,415.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $10,670,000
  • Address: 111 Atlantic Avenue
  • Market: Palm Beach
  • Square Footage: 7,536
  • Price per Square Foot: $1,415

The buyer in this transaction is PB House Trust represented by Justin F. McInerney. The seller consists of Todd Michael Glaser, Philip Levine, Scott Robins, and Jonathan Fryd. Suzanne Frisbie from Premier Estate Properties served as the broker in this deal.

Players

Suzanne Frisbie
The Corcoran Group
Suzanne Frisbie
47 deals$1.4B volume
BROKER
Scott Robins
Scott Robins
10 deals$209.5M volume
SELLER
Todd Michael Glaser
Todd Michael Glaser
41 deals$974.3M volume
SELLER
JF
Jonathan Fryd
10 deals$198.5M volume
SELLER
JF
Jonathan Fryd
10 deals$198.5M volume
SELLER
PL
Philip Levine
2 deals$26.7M volume
SELLER

Details

SOLD
IMAGE: Todd Michael Glaser, Philip Levine, Scott Robins & Jonathan Fryd DATE: 07/07/2020 ADDRESS: 111 Atlantic Avenue MARKET: Palm Beach ASSET TYPE: SFR PRICE: $10,670,000 SF: 7,536 PPSF: $1,415 BUYER: PB House Trust - Justin F. McInerney SELLER: Todd Michael Glaser, Philip Levine, Scott Robins & Jonathan Fryd BROKER: Suzanne Frisbie - Premier Estate Properties

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$37,908.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,581.24
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