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576 Island Drive, Palm Beac...

Todd Michael Glaser, Scott Robins & Jonathan Fryd Acquire Palm Beach Single Family For $16.4M
SOLDSingle Family Residence

Todd Michael Glaser, Scott Robins & Jonathan Fryd Acquire Palm Beach Single Family For $16.4M

576 Island Drive, Palm Beach, FL, USA

$16,400,000

$2,318/SF

Building Size

7,073 SF

Asset Type

Single Family Residence

Closing

Apr 27, 2021

AI

The single-family property located at 576 Island Drive in Palm Beach has been sold in a recent transaction. The property spans 7,073 square feet and was sold for a price of $16,400,000, resulting in a price per square foot of $2,319. The transaction took place on April 28, 2021.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $16,400,000
  • Square Footage: 7,073
  • Price per Square Foot: $2,319
  • Address: 576 Island Drive, Palm Beach
  • Market: Palm Beach

The buyer of the property is a group consisting of Todd Michael Glaser, Scott Robins, and Jonathan Fryd. They were represented by Whitney McGurk and Liza Pulitzer from Brown Harris Stevens. The seller, Christine Fisher-Grow, was represented by Lawrence Moens from Lawrence A. Moens Associates.

Players

Lawrence Moens

Broker

$2.4B

vol

64 deals

Broker
Scott Robins

Scott Robins

Buyer

$209.5M

vol

10 deals

Buyer

Palm Beach 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

0.97%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93