Joseph J. Plumeri Acquires West Palm Beach Condo For $16.5M
1100 South Flagler Drive, West Palm Beach, FL, USA
$16,500,000
$2,976/SF
Building Size
5,544 SF
Asset Type
Condo
Closing
May 12, 2021
About this deal
AI
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.
On the Map
$16,500,000
$2,976/SF
Condo
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Players
West Palm Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $3K per square foot on a published $16.5M for 5,544 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