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
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