FDPB Holding Company LLC Acquires SFR In Palm Beach For $18.4M
102 Flagler Dr, Palm Beach, FL 33480, USA
$18,400,000
$1,352/SF
Building Size
13,603 SF
Asset Type
Single Family Residence
Closing
Jul 6, 2020
AI
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
Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93