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401 Brazilian Ave Palm Beac...

Marlene Perlmutter Acquires Palm Beach SFR For $14M
SOLDSingle Family Residence

Marlene Perlmutter Acquires Palm Beach SFR For $14M

401 Brazilian Ave Palm Beach, FL 33480, USA

$14,000,000

$2,397/SF

Building Size

5,839 SF

Asset Type

Single Family Residence

Closing

Aug 2, 2023

AI

A Mediterranean-style townhouse located at 401 Brazilian Avenue in Palm Beach was privately sold for a record-breaking price of $14 million. This sale marks the highest transaction in the community within the past six months. The property, boasting 5,839 square feet of living space, features four bedrooms and showcases the charm of Midtown Palm Beach.

Summary of transaction details

  • Property Type: Single-Family Residence (SFR)
  • Transaction Amount: $14,000,000
  • Address: 401 Brazilian Avenue, Palm Beach
  • Market: Palm Beach

Marlene Perlmutter successfully acquired the townhouse from the seller, Darcy M. Gould. Acting as the buyer's representative, Jim McCann from Premier Estate Properties facilitated the transaction. Liza Pulitzer and Whitney McGurk, agents from Brown Harris Stevens, served as the seller's representatives. With its impressive sale price and prominent location, this record-breaking transaction highlights the desirability of properties within Midtown Palm Beach.

Players

James McCann

Premier Estate Properties

Broker

$541.1M

vol

22 deals

Broker

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

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93