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113 Atlantic Avenue, Palm B...

Alexandra Murphy Of Cumberland Farms Acquires SFR At 113 Atlantic Avenue, Palm Beach For $9.41M
SOLDSingle Family Residence

Alexandra Murphy Of Cumberland Farms Acquires SFR At 113 Atlantic Avenue, Palm Beach For $9.41M

113 Atlantic Avenue, Palm Beach, FL, USA

$9,410,000

$1,466/SF

Building Size

6,415 SF

Asset Type

Single Family Residence

Closing

Feb 6, 2020

AI

The recently closed property transaction in Palm Beach involves a single-family home located at 113 Atlantic Avenue. The property, with a total area of 6,415 square feet, was sold by Todd Michael Glaser. The sale took place on February 7, 2020, and the property was purchased for a price of $9,410,000. The buyer of the property is Alexandra Murphy, who represents Cumberland Farms. Suzanne Frisbie from Premier Estate Properties and Crista Ryan from Tina Fanjul Associates acted as the brokers in this transaction.

Summary of transaction details

  • Property Type: Single-Family Home
  • Transaction Amount: $9,410,000
  • Square Footage: 6,415
  • Address: 113 Atlantic Avenue, Palm Beach
  • Buyer: Alexandra Murphy - Cumberland Farms
  • Seller: Todd Michael Glaser
  • Brokers: Suzanne Frisbie - Premier Estate Properties, Crista Ryan - Tina Fanjul Associates

Notably, the property boasts a building square footage of 14,000. The price per square foot for the property is $1,466, while the price per building square foot stands at $672.

Players

Suzanne Frisbie

The Corcoran Group

Broker

$1.5B

vol

49 deals

Broker
CF
Cumberland FarmsBuyer
Todd Michael Glaser

Todd Michael Glaser

Randall Realty Group

Seller

$974.3M

vol

41 deals

Seller

Palm Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.69%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93