Updated Oct 28, 2024
Coordinate Solutions Sells West Palm Beach Multifamily For $16.92M With Brokers Chris Leavitt & Ashley McIntosh - Douglas Elliman Real Estate
3611 South Flagler Drive, West Palm Beach, Florida 33405, United States
$16,920,000
$1,057/SF
Building Size
16,000 SF
Asset Type
MultiFamily
Closing
Feb 17, 2022
About this deal
AI
The multifamily property located at 3611 S Flagler Drive in West Palm Beach has been sold for a total price of $16,920,000. The property consists of 6 units, with each unit valued at approximately $2,820,000. The total square footage of the property is 16,000, equating to a price per square foot of $1,058.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $16,920,000
- Address: 3611 S Flagler Drive
- Market: West Palm Beach
The sale was facilitated by Chris Leavitt and Ashley McIntosh from Douglas Elliman Real Estate, representing the seller Coordinate Solutions.
On the Map
$16,920,000
$1,057/SF
MultiFamily
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West Palm Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93