facebook
Traded Co logo
Submit

Joseph J. Plumeri Acquires West Palm Beach Condo For $16.5M

Property Image
SOLD
$16,500,000
Patrick Lafferty
Jonathan Santiago
Samantha Curry
+ 1

Florida

See Similar Deals
Condo5,544 SF
Sold 05/12/2021
the dealplayerscompscontact
Property Image
SOLD

Joseph J. Plumeri Acquires West Palm Beach Condo For $16.5M

1100 South Flagler Drive, West Palm Beach, FL, USA

See Similar Deals
Condo5,544 SF
Sold 05/12/2021
Patrick Lafferty
Jonathan Santiago
Samantha Curry
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,976
Total Square Footage:5,544 SF
Transaction Type:Sale

A condo located at 1100 South Flagler Drive Unit 2101 in West Palm Beach has been sold for a price of $16,500,000. The property spans across 5,544 square feet, resulting in a price per square foot of $2,976.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $16,500,000
  • Address: 1100 South Flagler Drive Unit 2101, West Palm Beach
  • Market: West Palm Beach

Joseph J. Plumeri has purchased the condo from Lynne Grossman, along with Robert Grossman of Southern Container Corp. Jonathan Santiago and Patrick Lafferty from Compass represented the buyer, while Chris Leavitt and Samantha Curry from Douglas Elliman represented the seller in the transaction.

Players

Christopher (Chris) Leavitt
Douglas Elliman
Christopher Leavitt
51 deals$1.3B volume(917) 664-0720
BROKER
Samantha Curry
Douglas Elliman
Samantha Curry
18 deals$247.4M volume(561) 530-2227
BROKER
Jonathan Santiago
Compass
Jonathan Santiago
2 deals$24.4M volume
BROKER
Patrick Lafferty
Compass
Patrick Lafferty
2 deals$17.7M volume(561) 603-4329
BROKER

Details

SOLD
IMAGE: Chris Leavitt, Patrick Lafferty, Joseph J. Plumeri & Samantha Curry DATE: 05/12/2021 ADDRESS: 1100 South Flagler Drive Unit 2101 MARKET: West Palm Beach ASSET TYPE: Condo BUYER: Joseph J. Plumeri SELLER: Lynne Grossman; Robert Grossman - Southern Container Corp BUYER'S REP: Jonathan Santiago & Patrick Lafferty - Compass SELLER'S REP: Chris Leavitt & Samantha Curry - Douglas Elliman SALE PRICE: $16,500,000 SF: 5,544 ~ PPSF: $2,976

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$880,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$58,621.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,218.42
Annual Debt Service$938,621.01