Jeffrey Soffer, Brett Mufson & Sheryl Kass Acquire Tequesta Condo For $100M
250 South Beach Road, Tequesta, Florida 33469, United States
$100,000,000
Units
40
Asset Type
—
Closing
Aug 14, 2022
About this deal
AI
Jeffrey Soffer, Brett Mufson, and Sheryl Kass have acquired a condominium at 250 Beach Road in Tequesta. The property, consisting of 40 units, was sold for a total price of $100,000,000, resulting in an average price per unit of $2,500,000.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $100,000,000
- Address: 250 Beach Road, Tequesta
- Market: Tequesta
Fontainebleau Development represented the buyers, Jeffrey Soffer, Brett Mufson, and Sheryl Kass, in this transaction.
The commercial sale at 250 South Beach Road, Tequesta, Florida 33469, United States in Jupiter, Florida sold for $100M in 2022. Reported inventory is 40 units across 40 units. Named participants on the 250 South Beach Road, Tequesta, Florida 33469, United States sale are Jeff Soffer, Brett Mufson, Sheryl Kass. This page is the Jupiter, Florida file for the 250 South Beach Road, Tequesta, Florida 33469, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Jupiter sit in the Market section below. Filter that Jupiter commercial set by closing date to see what else sold near 250 South Beach Road, Tequesta, Florida 33469, United States around 2022. Published consideration for 250 South Beach Road, Tequesta, Florida 33469, United States is $100M, dated 2022. Cite this Jeffrey Soffer, Brett Mufson & Sheryl Kass Acquire Tequesta Condo For $100M sale when underwriting similar commercial product around Jupiter, Florida.
On the Map
$100,000,000
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93