facebook
Traded Co logo
Submit

Gretchen S. Jordan Acquires Palm Beach SFR On Tangier Avenue For $12.7M

Property Image
SOLD
$12,700,000

Florida

See Similar Deals
Single Family Residence5,652 SF
Sold 01/05/2021
the dealplayerscompscontact
Property Image
SOLD

Gretchen S. Jordan Acquires Palm Beach SFR On Tangier Avenue For $12.7M

273 Tangier Avenue, Palm Beach, FL, USA

See Similar Deals
Single Family Residence5,652 SF
Sold 01/05/2021
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,247
Total Square Footage:5,652 SF
Transaction Type:Sale

A single-family residential property located at 273 Tangier Avenue in Palm Beach has been sold for a price of $12,700,000. The property spans 5,652 square feet and has a price per square foot of $2,247. The transaction took place on January 5, 2021. The buyer of the property is Gretchen S. Jordan and John “Jay” Jordan II from The Jordan Company. The seller of the property is Ronald & Judith Ripka Berk.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $12,700,000
  • Address: 273 Tangier Avenue, Palm Beach
  • Market: Palm Beach

The buyer was represented by Adam McPherson and Ashley McIntosh from Douglas Elliman, while the seller was represented by Christian Angle from Christian Angle Real Estate.

NOTE: No additional information is available regarding the property or the transaction.

Players

Ashley McIntosh
24 deals$570.8M volume(561) 685-0861
BROKER

Christian Angle
Christian Angle Real Estate
99 deals$2.7B volume(561) 659-6551
BROKER

Adam McPherson
6 deals$140.5M volume
BROKER

BUYER

Details

SOLD
IMAGE: Christian Angle, Ronald Berk, Judith Ripka Berk, & Ashley McIntosh DATE: 01/05/2021 ADDRESS: 273 Tangier Avenue MARKET: Palm Beach ASSET TYPE: SFR BUYER: Gretchen S. Jordan, John “Jay” Jordan II - The Jordan Company SELLER: Ronald & Judith Ripka Berk BUYER'S REP: Adam McPherson & Ashley McIntosh - Douglas Elliman SELLER'S REP: Christian Angle - Christian Angle Real Estate ASKING PRICE: $12,900,000 PRICE: $12,700,000 SF: 5,652 ~ PPSF: $2,247

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$677,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$45,120.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,204.48
Annual Debt Service$722,453.75