Jeffrey Soffer, Brett Mufson & Sheryl Kass Acquire Tequesta Condo For $100M
250 South Beach Road, Tequesta, Florida 33469, United States
$100,000,000
Building Size
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Asset Type
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Closing
Aug 14, 2022
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.
Players
Jupiter CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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