Foster Kaali-Nagy Sells Land In West Palm Beach For $10M With Samantha Curry - Douglas Elliman
SOLD
$10,000,000
Florida
See Similar Deals19,166 SF
Sold 06/21/2022
SOLD
Foster Kaali-Nagy Sells Land In West Palm Beach For $10M With Samantha Curry - Douglas Elliman
3220 North Flagler Drive, West Palm Beach, Florida 33407, United States
See Similar Deals19,166 SF
Sold 06/21/2022
Summary
FLORIDA
Price Per Square Foot:$521
Total Square Footage:19,166 SF
Transaction Type:Sale
The property asset involved in this transaction is a piece of land located at 3220 N Flagler Dr in West Palm Beach. The land spans a total of 19,166 square feet and was sold for a price of $10,000,000, resulting in a price per square foot of $522.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $10,000,000
- Square Footage: 19,166
- Address: 3220 N Flagler Dr, West Palm Beach
- Seller: Foster Kaali-Nagy
- Broker: Samantha Curry - Douglas Elliman
Samantha Curry, from Douglas Elliman, represented the seller, Foster Kaali-Nagy, in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
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