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3240 North Flagler Drive, W...

Jim Randall Acquires West Palm Beach Single Family For $16M
SOLDSingle Family Residence

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

Elizabeth DeWoody

Compass

Broker

$120.9M

vol

9 deals

Broker
RG
Randall Realty GroupBuyer

West 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

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93