Kim & Todd Michael Glaser Acquire Palm Beach Single Family Home For $23.2M
SOLD
$23,200,000
Florida
See Similar DealsSingle Family Residence9,271 SF
Sold 08/04/2022
SOLD
Kim & Todd Michael Glaser Acquire Palm Beach Single Family Home For $23.2M
125 Via Del Lago, Palm Beach, Florida 33480, United States
See Similar DealsSingle Family Residence9,271 SF
Sold 08/04/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,502
Total Square Footage:9,271 SF
Transaction Type:Sale
The property at 125 Via Del Lago in Palm Beach has been sold for a price of $23,200,000. The single-family property spans across 0.8 acres and offers a total area of 9,271 square feet. The deal was closed on 08/04/2022, with the buyers being Kim and Todd Michael Glaser, while the seller was Bridget Mullaney.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $23,200,000
- Address: 125 Via Del Lago, Palm Beach
- Market: Palm Beach
- Acreage: 0.8 acres
Represented by Suzanne Frisbie from The Corcoran Group, the deal was successfully completed with a price per square foot of $2,502. The transaction involved the renowned real estate professionals Todd Michael Glaser and Suzanne Frisbie.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,237,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$82,424.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$109,979.84
Annual Debt Service$1,319,758.03
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