Sydell Miller Sells West Palm Beach Penthouse For $42.6M
1125 South Flagler Drive, West Palm Beach, FL, USA
$42,600,000
$0/SF
Building Size
360,014,000 SF
Asset Type
—
Closing
Mar 24, 2019
About this deal
AI
The penthouse located at 1125 South Flagler Drive in West Palm Beach, Miami was sold on March 25, 2019 for a price of $42,600,000. The property, owned by Sydell Miller of Matrix Essentials, offers stunning views and luxurious amenities.
Summary of transation details
- Property Type: Penthouse
- Transaction Amount: $42,600,000
- Date: 03/25/2019
- Address: 1125 South Flagler Drive
- Market: West Palm Beach
- City: Miami
- Seller: Sydell Miller - Matrix Essentials
Sydell Miller, representing Matrix Essentials, played a key role in the sale. The transaction marks a significant milestone for the real estate market in West Palm Beach.
Players
West Palm Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93