Herbert Wertheim Acquires Palm Beach Townhouse For $18.9M With Buyer's Rep Christian Angle
$18,900,000
$3,102/SF
Building Size
6,092 SF
Asset Type
Other
Closing
Feb 10, 2023
About this deal
AI
A townhouse in Palm Beach has been sold for a staggering $18,900,000. The property spans 6,092 square feet, resulting in a price per square foot of $3,102. The sale took place on February 10, 2023.
Summary of transaction details:
- Property Type: Townhouse
- Transaction Amount: $18,900,000
- Square Footage: 6,092
- Price per Square Foot: $3,102
- Date: February 10, 2023
- Market: Palm Beach
The buyer of the townhouse is Herbert Wertheim, while Margit Brandt represented the seller as the seller's representative from Premier Estate Properties, Inc. Christian Angle, from Christian Angle Real Estate, acted as the buyer's representative in this transaction.
Players
Market Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
About $3.1K per square foot on a published $18.9M for 6,092 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.84%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93