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1100 South Flagler Drive, W...

Bristol 701 LLC Acquires West Palm Beach Condo For $7.75M
SOLDCondo

Bristol 701 LLC Acquires West Palm Beach Condo For $7.75M

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

$7,750,000

$1,778/SF

Building Size

4,358 SF

Asset Type

Condo

Closing

Mar 19, 2021

AI

Located at 1100 South Flagler Drive Unit 701 in West Palm Beach, this condominium property was recently sold in a transaction. The property spans across 4,358 square feet and has a price per square foot of $1,778. The sale price for this condo was $7,750,000. The buyer of the property was Bristol 701 LLC, while John Noffo-Kahn acted as the seller.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $7,750,000
  • Square Footage: 4,358
  • Price Per Square Foot: $1,778
  • Address: 1100 South Flagler Drive Unit 701, West Palm Beach

Gary Pohrer, Scott Gerow, and Rachelle Hirt from Douglas Elliman represented both the buyer, Bristol 701 LLC, and the seller, John Noffo-Kahn, in this transaction.

Players

Gary Pohrer

Serhant

Broker

$1.1B

vol

43 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

2.05%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93