Updated Nov 28, 2024
Related Group Acquires Single Family Property In West Palm Beach For $16M
4906 North Flagler Drive, West Palm Beach, Florida 33407, United States
$16,000,000
$2,206/SF
Building Size
7,253 SF
Asset Type
Single Family Residence
Closing
Jul 26, 2022
About this deal
AI
The single-family property located at 4906 North Flagler Drive in West Palm Beach has been sold in a recent transaction. Spanning across approximately 1.2 acres, this property offers a total of 7,253 square feet. The sale price for this property was $16,000,000, resulting in a price per square foot of $2,206.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $16,000,000
- Address: 4906 North Flagler Drive
- Market: West Palm Beach
- Size: 1.2 acres
The buyer of this property is the Related Group, represented by Jorge Pérez. The seller is Wolf Von Falkenburg. The transaction was facilitated by broker Gary Pohrer from Douglas Elliman.
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