Todd Glaser Acquires $53M Single Family Home In Palm Beach, FL
SOLD
$53,000,000
Florida
See Similar DealsSingle Family Residence10,171 SF
Sold 02/22/22
SOLD
Todd Glaser Acquires $53M Single Family Home In Palm Beach, FL
854 S County Road, Palm Beach, Florida 33480, United States
See Similar DealsSingle Family Residence10,171 SF
Sold 02/22/22
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$5,210
Total Square Footage:10,171 SF
Transaction Type:Sale
A single-family property located at 854 S County Rd in Palm Beach, FL was recently sold in a transaction on February 23, 2022. The property spans 10,171 square feet and was sold for a price of $53,000,000, resulting in a price per square foot of $5,211.
Summary of transation details
- Property Type: Single Family
- Transaction Amount: $53,000,000
- Address: 854 S County Rd, Palm Beach, FL
- Market: Palm Beach, FL
Todd Glaser acted as the buyer in this transaction, while the sellers were Darcie Glazer Kassewitz and Joel Kassewitz.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,826,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$188,297.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$251,247.04
Annual Debt Service$3,014,964.47
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