Douglas Elliman Sells Condo On 1100 South Flagler Drive, West Palm Beach For $12.75M
SOLD
Florida
See Similar DealsCondo3,575 SF
Sold 12/15/2022
SOLD
Douglas Elliman Sells Condo On 1100 South Flagler Drive, West Palm Beach For $12.75M
1100 South Flagler Drive
See Similar DealsCondo3,575 SF
Sold 12/15/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$3,566
Total Square Footage:3,575 SF
Transaction Type:Sale
The condo located at 1100 South Flagler Drive in West Palm Beach recently sold for a sale price of $12,750,000. The property, with a total square footage of 3,575, offers a price per square foot of $3,566. The transaction took place on 12/15/2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $12,750,000
- Address: 1100 South Flagler Drive, West Palm Beach
- Square Footage: 3,575
- Price per Square Foot: $3,566
The seller's representatives in this transaction were Samantha Curry and Daniel Ekerold from Douglas Elliman.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$679,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,298.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,441.50
Annual Debt Service$725,298.06
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