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215 Indian Road, Palm Beach...

29 Hexagon LLC Acquires Palm Beach Single Family Property For $15.5M
SOLDSingle Family Residence

29 Hexagon LLC Acquires Palm Beach Single Family Property For $15.5M

215 Indian Road, Palm Beach, Florida 33480, United States

$15,500,000

$3,389/SF

Building Size

4,573 SF

Asset Type

Single Family Residence

Closing

May 26, 2022

AI

A single-family property located at 215 Indian Road in Palm Beach has been sold for a total price of $15,500,000. The property sits on approximately 0.3 acres of land and spans across 4,573 square feet. The sale price per square foot was calculated at $3,389.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $15,500,000
  • Address: 215 Indian Road, Palm Beach
  • Market: Palm Beach
  • Size: 0.3 acres
  • Buyer: 29 Hexagon LLC - Sandra Edgerley
  • Seller: Todd Michael Glaser, Scott Robins & Jonathan Fryd
  • Buyer's Representative: Stephen Hall - Compass
  • Seller's Representative: Suzanne Frisbie - The Corcoran Group

The buyer, 29 Hexagon LLC, was represented by Stephen Hall from Compass, while the seller, Todd Michael Glaser, Scott Robins, and Jonathan Fryd, was represented by Suzanne Frisbie from The Corcoran Group.

Players

Suzanne Frisbie

The Corcoran Group

Broker

$1.4B

vol

47 deals

Broker
Scott Robins

Scott Robins

Seller

$209.5M

vol

10 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

1.02%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93