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
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