Updated Sep 9, 2024
Todd Michael Glaser Acquires Palm Beach Single Family Property For $53M
Palm Beach, Florida, United States
$53,000,000
$5,210/SF
Building Size
10,171 SF
Asset Type
Single Family
Closing
Feb 25, 2022
About this deal
AI
Todd Michael Glaser has purchased a single-family property in Palm Beach for a significant amount. The property spans 2 acres, providing ample space for the new owner to enjoy.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $53,000,000
- Market: Palm Beach
- Acres: 2
Todd Michael Glaser acquired the property from Joel & Darcie Kassewitz. Throughout the deal, Lawrence Moens from Lawrence A. Moens Associates represented Todd Michael Glaser as the buyer's representative. On the other side, Gary Pohrer from Douglas Elliman served as the seller's representative, assisting Joel & Darcie Kassewitz in the transaction.
The property, which spans a substantial 10,171 square feet, was sold at a per square foot price of $5,211.
Players
Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Deal FAQ
About $5.2K per square foot on a published $53M for 10,171 square feet (2022).
Visit Gary Pohrer to view all their deals.
Browse Florida single family sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93