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
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
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93