Douglas Elliman Sells Condo At 1100 S Flagler Drive In West Palm Beach For $22.5M
1100 S Flagler Drive
$22,500,000
$4,058/SF
Building Size
5,544 SF
Asset Type
Condo
Closing
Jan 31, 2023
AI
The recently closed property transaction in West Palm Beach involved a condominium located at 1100 S Flagler Drive. The property, consisting of 5,544 square feet, was sold at a sale price of $22,500,000. The asking price for the condo was $23,900,000, resulting in a price per square foot of $4,058.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $22,500,000
- Square Footage: 5,544
- Asking Price: $23,900,000
- Price per Square Foot: $4,058
Samantha Curry from Douglas Elliman represented the seller in this transaction. The deal was successfully closed on 01/31/2023.
West Palm Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93