Kenneth Baboun Of Alba Palm Beach Sells West Palm Beach Condo For $10.66M
SOLD
$10,660,000
Florida
See Similar DealsCondo6,304 SF
Sold 02/12/2025
SOLD
Kenneth Baboun Of Alba Palm Beach Sells West Palm Beach Condo For $10.66M
4714 North Flagler Drive
See Similar DealsCondo6,304 SF
Sold 02/12/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,691
Total Square Footage:6,304 SF
Transaction Type:Sale
The condo located at 4714 North Flagler Drive Townhome C in West Palm Beach comprises a total area of 6,304 square feet. The sale price achieved for this property was $10,660,000, translating to a price per square foot of $1,690.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $10,660,000
- Square Footage: 6,304
- Price Per Square Foot: $1,690
- Address: 4714 North Flagler Drive Townhome C
- Market: West Palm Beach
- Seller: Kenneth Baboun - Alba Palm Beach
- Broker: Meredith Beebe - ONE Sotheby's International Realty
The seller of the property is Kenneth Baboun, represented by Alba Palm Beach, while the transaction was brokered by Meredith Beebe from ONE Sotheby's International Realty, highlighting the professional engagement in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$568,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,872.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,533.84
Annual Debt Service$606,406.06
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