Nuveen Real Estate Acquires Boynton Beach Multifamily For $125.8M
1000 Audace Avenue, Boynton Beach, FL 33426
$125,850,000
$532/SF
Building Size
236,544 SF
Asset Type
MultiFamily
Closing
Jan 3, 2022
AI
The multifamily property located at 1000 Audace Ave in Boynton Beach has been sold for a price of $125,850,000. The property consists of 350 units, with an average price per unit of $359,571.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $125,850,000
- Address: 1000 Audace Ave
- Market: Boynton Beach
The buyer of the property is Nuveen Real Estate, represented by Mike Sales. The seller is Ram Real Estate Advisors, represented by Casey Cummings. The transaction was facilitated by Avery Klann from Newmark.
Players
Boynton 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93