Todd Michael Glaser Acquires Palm Beach Home From Antos Glogowski For $21.4M
305 Indian Rd Palm Beach, Fl 33480, Usa
$21,400,000
$3,963/SF
Building Size
5,400 SF
Asset Type
Single Family Residence
Closing
Jul 5, 2023
AI
British financier Antos Glogowski has sold his Palm Beach home to spec developer Todd Michael Glaser for $21.4 million. The waterfront property, located at 305 Indian Road, spans 0.8 acres. The sale included a single-family residence with a total area of 5,400 square feet. The price per square foot for the transaction was $3,963.
Summary of transaction details:
- Property Type: Single Family Residential
- Transaction Amount: $21,400,000
- Address: 305 Indian Road, Palm Beach
- Market: Palm Beach
- Lot Size: 0.8 acres
- Buyer: Todd Michael Glaser
- Seller: Antos Glogowski - AJG Investments
- Broker: Lawrence Moens - Lawrence A. Moens Associates
Todd Michael Glaser, a spec developer, purchased the property from British financier Antos Glogowski. Glaser intends to renovate the waterfront property before putting it back on the market.
Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93