Updated Oct 29, 2024
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
About this deal
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.
On the Map
$10,670,000
$1,415/SF
Single Family Residence
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Players
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