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1100 S Flagler Drive

Douglas Elliman Sells Condo At 1100 S Flagler Drive In West Palm Beach For $22.5M
SOLDCondo

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.

Players

Samantha Curry

Douglas Elliman

Broker

$247.4M

vol

18 deals

Broker

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