James Harpel Acquires Condo Development In West Palm Beach For $7.9M
SOLD
$7,900,000
+ 4
Florida
See Similar Deals134,011 SF
Sold 09/12/2019
SOLD
James Harpel Acquires Condo Development In West Palm Beach For $7.9M
1100 South Flagler Drive, West Palm Beach, FL, USA, 1100 South Flagler Drive, West Palm Beach, FL, USA, 1100 South Flagler Drive, West Palm Beach, FL, USA, 1100 South Flagler Drive, West Palm Beach, FL, USA & 1100 South Flagler Drive, West Palm Beach, FL, USA
See Similar Deals134,011 SF
Sold 09/12/2019
+ 4
Summary
FLORIDA
Price Per Square Foot:$59
Total Square Footage:134,011 SF
Transaction Type:Sale
James Harpel, a partner at Eastview Development, recently purchased unit 1204 at the luxury condo development located at 1100 South Flagler Street, in West Palm Beach. The sale, which took place on September 12, 2019, was for a total price of $7,900,000. The condo development consists of 69 units, with a price per unit (PPU) of $114,492.
Summary of transaction details:
- Property Type: Condo Development
- Transaction Amount: $7,900,000
- Units: 69
- Price Per Unit (PPU): $114,492
- Address: 1100 South Flagler Street
- Market: West Palm Beach
Harpel made the purchase as a representative of Eastview Development. The transaction involved the acquisition of unit 1204 from the development group. The deal highlights the active involvement of individuals and companies in the West Palm Beach real estate market.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$421,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,067.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,450.03
Annual Debt Service$449,400.36
Is there something missing? Send suggestions