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
$10,000,000
$521/SF
Building Size
19,166 SF
Asset Type
—
Closing
Jun 20, 2022
AI
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.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93