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FDPB Holding Company LLC Acquires SFR In Palm Beach For $18.4M

Property Image
SOLD
$18,400,000
Sonja Stevens
Christian Angle
AS

Florida

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Single Family Residence13,603 SF
Sold
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SOLD

FDPB Holding Company LLC Acquires SFR In Palm Beach For $18.4M

102 Flagler Dr, Palm Beach, FL 33480, USA

See Similar Deals
Single Family Residence13,603 SF
Sold
Sonja Stevens
Christian Angle
AS
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1352
Total Square Footage:13603 SF
Transaction Type:Sale

A single-family residential property located at 102 Flagler Drive in Palm Beach has been sold for a price of $18,400,000. The property spans a total area of 13,603 square feet, resulting in a price per square foot of $1,352. The transaction took place on July 7, 2020.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $18,400,000
  • Square Footage: 13,603
  • Price per Square Foot: $1,352
  • Address: 102 Flagler Drive, Palm Beach

The buyer of the property is FDPB Holding Company LLC, represented by Adam Seligman. The sellers are Janet and Kenneth Himmel, associated with Related Urban and Gulf Related. Sonja Stevens from Douglas Elliman and Christian Angle, representing Christian Angle Real Estate, served as the brokers in this transaction.

Players

Christian Angle
Christian Angle Real Estate
Christian Angle
92 deals$2.5B volume(561) 659-6551
BROKER
Sonja Stevens
Sotheby's International Realty
Sonja Stevens
3 deals$61.6M volume
BROKER
AS
Adam Seligman
2 deals$27.9M volume
BUYER
AS
Adam Seligman
2 deals$27.9M volume
BUYER

Details

SOLD
IMAGE: IMAGE: Kenneth Himmel, Sonja Stevens & Christian Angle DATE: 07/07/2020 ADDRESS: 102 Flagler Drive MARKET: Palm Beach ASSET TYPE: SFR PRICE: $18,400,000 SF: 13,603 PPSF: $1,352 BUYER: FDPB Holding Company LLC – Adam Seligman SELLER: Janet & Kenneth Himmel – Related Urban, Gulf Related BROKERS: Sonja Stevens – Douglas Elliman, Christian Angle – Christian […]

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$65,371.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$87,225.39
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