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184 Lake Drive

Updated Dec 4, 2024

JSB Capital Group, Johnston Group, And Carlyle Tiller Acquire Multifamily Property In Palm Beach Shores For $60M
FINANCEDMultiFamily

JSB Capital Group, Johnston Group, And Carlyle Tiller Acquire Multifamily Property In Palm Beach Shores For $60M

184 Lake Drive

$60,000,000

Building Size

—

Asset Type

MultiFamily

Closing

Oct 25, 2023

About this deal

AI

The property asset involved in this transaction is a multifamily property located at 184 Lake Drive in Palm Beach Shores. The transaction took place on October 25, 2023.

Summary of transaction details:

The key individuals involved in this deal are Robert Schwartz and Steven Jemal from S3 Capital Partners, who served as the lenders for the transaction. The broker for the deal was Andy Weiss of Dansker Capital Group. The property is owned by Jared Frydman from JSB Capital Group, along with Ryan Johnston and Carlyle Tiller from Johnston Group.

On the Map

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$60,000,000

MultiFamily

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Players

Andy Weiss

Dansker Capital Group

Broker

$66.6M

vol

2 deals

Broker
Steven Jemal

Steven Jemal

S3 Capital

Lender

$3.7B

vol

138 deals

Lender
S3 Capital
S3 CapitalLender
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Palm Beach Shores MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.26%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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