Thu & David Brule's Northern Star Industries Acquires West Palm Beach Condo For $5.6M
1100 S Flagler Dr, West Palm Beach, FL 33401, USA
$5,600,000
$1,463/SF
Building Size
3,826 SF
Asset Type
—
Closing
May 6, 2020
About this deal
AI
The Condo located at 1100 South Flagler Drive in West Palm Beach has been sold. The property, covering an area of 3,826 square feet, was purchased by Thu & David Brule of Northern Star Industries. The seller, SJBT LLC represented by Salvatore J. Balsamo, agreed to the transaction at a price of $5,600,000, resulting in a price per square foot of $1,463.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $5,600,000
- Address: 1100 South Flagler Drive
- Market: West Palm Beach
The purchasers of the condo, Thu & David Brule, are affiliated with Northern Star Industries. On the other hand, SJBT LLC, represented by Salvatore J. Balsamo, served as the seller in the deal.
Players
West Palm Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93