facebook
Traded Co logo
Submit

Jeffrey Soffer, Brett Mufson & Sheryl Kass Acquire Tequesta Condo For $100M

Property Image
SOLD
$100,000,000
Jeff Soffer
Brett Mufson
SK

Florida

See Similar Deals
Sold
the dealplayerscompscontact
Property Image
SOLD

Jeffrey Soffer, Brett Mufson & Sheryl Kass Acquire Tequesta Condo For $100M

250 South Beach Road, Tequesta, Florida 33469, United States

See Similar Deals
Sold
Jeff Soffer
Brett Mufson
SK
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Transaction Type:Sale

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

Brookfield Properties
Brookfield Properties
BROKERAGE
Jeff Soffer
Jeff Soffer
11 deals$2.1B volume
BUYER
Brett Mufson
Brett Mufson
5 deals$600.1M volume
BUYER
Brett Mufson
Brett Mufson
5 deals$600.1M volume
BUYER
SK
Sheryl Kass
2 deals$114.3M volume
BUYER
SK
Sheryl Kass
2 deals$114.3M volume
BUYER

Details

SOLD
IMAGE: Jeffrey Soffer, Brett Mufson & Sheryl Kass DATE: 08/15/2022 ADDRESS: 250 Beach Road MARKET: Tequesta ASSET TYPE: Condo BUYER: Jeffrey Soffer, Brett Mufson (@BMufson) & Sheryl Kass - Fontainebleau Development (@FontainebleauDevelopment) SALE PRICE: $100,000,000 UNITS: 40 ~ PPU: $2,500,000

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,333,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$355,278.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$474,051.02
Annual Debt Service$5,688,612.21