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
About this deal
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
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