William Siegel Acquires West Palm Beach Condo For $10.2M With Sonja Stevens As Buyer's Rep
622 North Flagler Drive, West Palm Beach, Florida 33401, United States
$10,200,000
$2,521/SF
Building Size
4,045 SF
Asset Type
—
Closing
Feb 3, 2022
About this deal
AI
Located at 622 North Flagler Drive Unit 1003 in West Palm Beach, this condominium unit was recently sold in a closed transaction. The sale was facilitated by Sonja Stevens, Pat Carney, and James McCann.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $10,200,000
- Square Footage: 4,045
- Price Per Square Foot: $2,522
- Market: West Palm Beach
The buyer of this condo unit is William Siegel, while the seller is Pat Carney from Claremont Companies. Sonja Stevens from Sotheby's International Realty represented the buyer, and James McCann from Premier Estate Properties represented the seller.
On the Map
$10,200,000
$2,521/SF
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Players
West Palm Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $2.5K per square foot on a published $10.2M for 4,045 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.56%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93