Updated Dec 21, 2023
Marcus & Millichap Brokers $4.4M Multifamily Sale In Palm Beach
100 Sparrow Drive, Royal Palm Beach, Florida 33411, United States
$4,400,000
Units
20
Asset Type
MultiFamily
Closing
Apr 6, 2022
About this deal
AI
A multifamily property located at 100 Sparrow Drive in Palm Beach has been sold for $4,400,000. The property consists of 20 units, resulting in a price per unit of $220,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,400,000
- Units: 20
- Price per Unit: $220,000
- Date: 04/07/2022
- Brokers: Ray Catena, Evan Kristol, and Brandon Rex - Marcus & Millichap
- Market: Palm Beach
The deal was facilitated by Ray Catena, Evan Kristol, and Brandon Rex from Marcus & Millichap, who represented the buyer and seller. No additional information about the property or the transaction is available.
Players
Royal Palm Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93