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William Siegel Acquires West Palm Beach Condo For $10.2M With Sonja Stevens As Buyer's Rep

Property Image
SOLD
$10,200,000
Sonja Stevens
James (Jim) McCann
PC

Florida

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4,045 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
4,045 SF
Sold
Sonja Stevens
James (Jim) McCann
PC
the dealplayerscompscontact
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Summary

FLORIDA
Price Per Square Foot:$2521
Total Square Footage:4045 SF
Transaction Type:Sale

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.

Players

James (Jim) McCann
Premier Estate Properties
James McCann
21 deals$511.1M volume(561) 307-1525
BROKER
Sonja Stevens
Sotheby's International Realty
Sonja Stevens
3 deals$61.6M volume
BROKER
PC
Pat Carney
2 deals$59.2M volume
SELLER
PC
Pat Carney
2 deals$59.2M volume
SELLER

Details

SOLD
IMAGE: Sonja Stevens, Pat Carney & James McCann DATE: 02/04/2022 ADDRESS: 622 North Flagler Drive Unit 1003 MARKET: West Palm Beach ASSET TYPE: Condo BUYER: William Siegel SELLER: Pat Carney - Claremont Companies BUYER'S REP: Sonja Stevens - Sotheby’s International Realty SELLER'S REP: James McCann - Premier Estate Properties SALE PRICE: $10,200,000 SF: 4,045 ~ PPSF: $2,522

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$544,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$36,238.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,353.20
Annual Debt Service$580,238.45