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111 Atlantic Avenue, Palm B...

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

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

111 Atlantic Avenue, Palm Beach, FL, USA

$10,670,000

$1,415/SF

Building Size

7,536 SF

Asset Type

Single Family Residence

Closing

Jul 6, 2020

AI

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

Broker

$1.4B

vol

47 deals

Broker
Scott Robins

Scott Robins

Seller

$209.5M

vol

10 deals

Seller

Palm Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.49%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93