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273 Tangier Avenue, Palm Be...

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

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

273 Tangier Avenue, Palm Beach, FL, USA

$12,700,000

$2,247/SF

Building Size

5,652 SF

Asset Type

Single Family Residence

Closing

Jan 4, 2021

AI

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

Douglas Elliman

Broker

$570.8M

vol

24 deals

Broker
TC
The Jordan CompanyBuyer

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

1.25%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93