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
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.
Players
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