Douglas Elliman Real Estate Acquires SFR In West Palm Beach For $16.2M
SOLD
$16,200,000
Florida
See Similar DealsSingle Family Residence8,500 SF
Sold 07/08/2020
SOLD
Douglas Elliman Real Estate Acquires SFR In West Palm Beach For $16.2M
6717 South Flagler Drive, West Palm Beach, FL, USA
See Similar DealsSingle Family Residence8,500 SF
Sold 07/08/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,905
Total Square Footage:8,500 SF
Transaction Type:Sale
A waterfront single-family residence located at 6717 S Flagler Drive in West Palm Beach has been sold for $16,200,000. With a total area of approximately 8,500 square feet, the property was listed at a price per square foot of $1,906.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $16,200,000
- Market: West Palm Beach
- Address: 6717 S Flagler Drive
The buyer was represented by Chris Leavitt from Douglas Elliman Real Estate, while Burt Minkoff, also from Douglas Elliman, represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$864,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$57,555.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$76,796.26
Annual Debt Service$921,555.18
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