Kim & Todd Michael Glaser Sell Palm Beach SFR For $26.1M With Lawrence Moens & Spencer Schlager - Douglas Elliman Real Estate
SOLD
$26,130,000
Florida
See Similar DealsSingle Family Residence10,977 SF
Sold 03/22/2021
SOLD
Kim & Todd Michael Glaser Sell Palm Beach SFR For $26.1M With Lawrence Moens & Spencer Schlager - Douglas Elliman Real Estate
127 Dunbar Road, Palm Beach, FL, USA
See Similar DealsSingle Family Residence10,977 SF
Sold 03/22/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,380
Total Square Footage:10,977 SF
Transaction Type:Sale
The recently closed property transaction in Palm Beach involved a single-family home located at 127 Dunbar Road. Spread across a generous 10,977 square feet, this residential property was sold for a total price of $26,130,000, resulting in a price per square foot of $2,380.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $26,130,000
- Address: 127 Dunbar Road, Palm Beach
- Market: Palm Beach
The seller of this property transaction was Kim & Todd Michael Glaser, while the buyer was represented by Spencer Schlager from Douglas Elliman Real Estate. On the seller's side, Lawrence Moens from Lawrence A. Moens Associates acted as the representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,393,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$92,834.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$123,869.53
Annual Debt Service$1,486,434.37
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