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231 Royal Poinciana Way, Pa...

Cody Crowell Acquires Palm Beach Condo For $7M From Frisbie Group
SOLD

Cody Crowell Acquires Palm Beach Condo For $7M From Frisbie Group

231 Royal Poinciana Way, Palm Beach, FL 33480, USA

$7,000,000

$113/SF

Building Size

61,840 SF

Asset Type

Closing

May 27, 2020

AI

Located at 231 Royal Poinciana Way in Palm Beach, this condominium property transaction took place on May 28, 2020. The property spans an area of 6,184 square feet and was sold for a price of $7,000,000, resulting in a price per square foot of $1,131. The buyer of the property was Cody & Kristin Crowell, while the seller was the Frisbie Group (T3 Family Investments), with Cody Crowell representing both the buyer and seller in the deal.

Summary of Transaction Details:

  • Property Type: Condo
  • Transaction Amount: $7,000,000
  • Square Footage: 6,184
  • Price per Square Foot: $1,131
  • Market: Palm Beach
  • Buyer: Cody & Kristin Crowell
  • Seller: Frisbie Group (T3 Family Investments) – Cody Crowell

Cody Crowell, as the representative of both the buyer and seller in this transaction, played a key role in facilitating the deal. Their expertise in the Palm Beach market and knowledge of the property contributed to the successful completion of the transaction. It is worth noting that Cody Crowell represented both parties involved in the deal, showcasing their proficiency in representing their clients' interests.

Players

Cody Crowell

Frisbie Group

Buyer

$65.3M

vol

4 deals

Buyer

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

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93