Douglas Elliman Sells Condo At 1100 S Flagler Drive In West Palm Beach For $22.5M
SOLD
$22,500,000
Florida
See Similar DealsCondo5,544 SF
Sold 01/31/2023
SOLD
Douglas Elliman Sells Condo At 1100 S Flagler Drive In West Palm Beach For $22.5M
1100 S Flagler Drive
See Similar DealsCondo5,544 SF
Sold 01/31/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$4,058
Total Square Footage:5,544 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,200,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$79,937.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$106,661.48
Annual Debt Service$1,279,937.75
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