facebook
Traded Co logo
Submit
Daily limit: 0/10

Marlene Perlmutter Acquires Palm Beach SFR For $14M

Property Image
SOLD
$14,000,000

Florida

See Similar Deals
Single Family Residence5,839 SF
Sold 08/02/2023
the dealplayerscompscontact
Property Image
SOLD

Marlene Perlmutter Acquires Palm Beach SFR For $14M

401 Brazilian Ave Palm Beach, FL 33480, USA

See Similar Deals
Single Family Residence5,839 SF
Sold 08/02/2023
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,397
Total Square Footage:5,839 SF
Transaction Type:Sale

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 (Jim) McCann
22 deals$541.1M volume(561) 307-1525
BROKER

Liza Pulitzer
Brown Harris Stevens
12 deals$182.8M volume
BROKER

Whitney McGurk
Brown Harris Stevens
7 deals$104.5M volume
BROKER

Details

SOLD
IMAGE: Liza Pulitzer, Jim McCann & Whitney McGurk DATE: 08/02/2023 ADDRESS: 401 Brazilian Avenue MARKET: Palm Beach ASSET TYPE: SFR BUYER: Marlene Perlmutter SELLER: Darcy M. Gould BUYER'S REP: Jim McCann (@JimMccannGroup) - Premier Estate Properties (@PremierEstateProperties) SELLER'S REP: Liza Pulitzer & Whitney McGurk (@Pulitzer_McGurk_Team) - Brown Harris Stevens (@BrownHarrisStevens) SALE PRICE: $14,000,000 SF: 5,839 ~ PPSF: $2,398 NOTE: A Mediterranean-style townhouse in Midtown Palm Beach was sold privately for $14 million, setting a record for the highest sale in the community in the past six months. The four-bedroom property has 5,839 square feet of living space and was sold by Darcy M. Gould to Marlene Perlmutter.

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)

$746,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71