Douglas Elliman Real Estate Sells The Bristol Residence Condo In Palm Beach For $16.5M
The Bristol Palm Beach, 1100 South Flagler Drive, West Palm Beach, FL, USA
$16,500,000
$3,000/SF
Building Size
5,500 SF
Asset Type
—
Closing
May 12, 2021
About this deal
AI
The Bristol Residence in Palm Beach has been sold for a staggering $16,500,000. This luxurious condo spans across 5,500 square feet and boasts a price per square foot of $3,000. The sale took place on May 13, 2021.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $16,500,000
- Address: The Bristol Residence, Palm Beach
- Square Footage: 5,500
- Price per Square Foot: $3,000
Representing the seller in this remarkable deal were Chris Leavitt and Samantha Curry from Douglas Elliman Real Estate. Their expertise and dedication were instrumental in facilitating this successful transaction.
Players
West Palm Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $3K per square foot on a published $16.5M for 5,500 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93