Brett Berish Of Sovereign Brands Sells Glencoe Mansion For $6.45 Million With Baird & Warner
346 Grove Street
$6,450,000
$534/SF
Building Size
12,063 SF
Asset Type
Single Family
Closing
Dec 23, 2024
AI
The property sold is a single-family home located at 346 Grove Street in Glencoe, with an area of 12,063 square feet covering 1.85 acres. The sale price was $6,450,000, representing a price per square foot of $535. The property includes a pool, theater, and an indoor basketball court, and was sold for 87% of its original listing price of $7.5 million.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $6,450,000
- Address: 346 Grove Street
- Market: Glencoe
- Square Footage: 12,063
- Price per Square Foot: $535
- Seller: Alana Berish; Brett Berish - Sovereign Brands
- Brokers: Dena Fox & Margie Brooks - Baird & Warner
Brett Berish, CEO of Sovereign Brands, was the seller in this transaction, with Margie Brooks representing him, while Dena Fox represented the buyer. The transaction concluded on December 23, 2024.
Players
Glencoe Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.46%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93