Jim Randall Acquires West Palm Beach Single Family For $16M
3240 North Flagler Drive, West Palm Beach, Florida 33407, United States
$16,000,000
$2,126/SF
Building Size
7,524 SF
Asset Type
Single Family Residence
Closing
Oct 3, 2022
AI
The single-family property located at 3240 North Flagler Drive in West Palm Beach has been sold for a total of $16,000,000. The property spans an area of 7,524 square feet and has a price per square foot of $2,127. The transaction took place on October 4, 2022.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $16,000,000
- Market: West Palm Beach
- Address: 3240 North Flagler Drive
- Buyer: Jim Randall
- Seller: Lawrence Rolnick & Kimberly Sorrentino
- Buyer's Representative: William Sarnie - Simon Isaacs Real Estate
- Seller's Representative: Elizabeth DeWoody - Compass
- Square Footage: 7,524
- Price Per Square Foot: $2,127
Jim Randall was the buyer of the property, while Lawrence Rolnick and Kimberly Sorrentino were the sellers. William Sarnie from Simon Isaacs Real Estate represented the buyer, and Elizabeth DeWoody from Compass represented the sellers in the deal.
Players
West Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93