Updated Dec 21, 2023
Todd Michael Glaser Sells Palm Beach Single Family Property To Margit Brandt For $17.45M
259 Pendleton Avenue, Palm Beach, FL, USA
$17,450,000
$2,100/SF
Building Size
8,306 SF
Asset Type
Single Family Residence
Closing
Apr 20, 2021
About this deal
AI
A single-family property located at 259 Pendleton Avenue in Palm Beach has been sold. The property, with a total area of 8,306 square feet, was sold for a price of $17,450,000. The seller in this transaction was Todd Michael Glaser, represented by Margit Brandt of Margit Brandt Palm Beach. The property was initially listed for $17,900,000, resulting in a sale price of $2,171 per square foot.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $17,450,000
- Address: 259 Pendleton Avenue, Palm Beach
- Market: Palm Beach
- Seller: Todd Michael Glaser
- Buyer's Rep: Margit Brandt
- Asking Price: $17,900,000
- Square Footage: 8,306
- Price per Square Foot: $2,171
Margit Brandt, from Margit Brandt Palm Beach, represented the buyer in this transaction. The sale of this single-family property at 259 Pendleton Avenue showcases the strong real estate market in Palm Beach.
Players
Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.1K per square foot on a published $17.5M for 8,306 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93