Todd Michael Glaser Acquires 8,051 SF Palm Beach Single Family For $23.75M
SOLD
$23,750,000
Florida
See Similar DealsSingle Family Residence8,051 SF
Sold 05/09/2021
SOLD
Todd Michael Glaser Acquires 8,051 SF Palm Beach Single Family For $23.75M
210 Via Del Mar, Palm Beach, FL, USA
See Similar DealsSingle Family Residence8,051 SF
Sold 05/09/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,949
Total Square Footage:8,051 SF
Transaction Type:Sale
A single-family home located at 210 Via Del Mar in Palm Beach has been sold for $23,750,000. The property spans 8,051 square feet, resulting in a price per square foot of $2,950. The transaction took place on 05/09/2021.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $23,750,000
- Address: 210 Via Del Mar
- Market: Palm Beach
- Buyer: Todd Michael Glaser
- Seller: Robert & Myron Miller
- Broker: Lawrence Moens - Lawrence A. Moens Associates
Todd Michael Glaser purchased the property from Robert & Myron Miller. The deal was facilitated by Lawrence Moens of Lawrence A. Moens Associates.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$84,378.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$112,587.12
Annual Debt Service$1,351,045.40
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