Kingdom Development Acquires Multifamily Properties In West Palm Beach For $59.3M

The recent sale in West Palm Beach involved a multifamily property located at 1001 36th Street, 1210 Palm Beach Lakes Boulevard, and 345 30th Street. This property spans over 14.3 acres and consists of 309 units. The transaction took place on 12/08/2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $59,300,000
• Units: 309
• Acres: 14.3
• Market: West Palm Beach

The buyer in this transaction was Kingdom Development, represented by William Leach. The seller was Shloime Rosenberg. The deal was facilitated by brokers Tal Frydman and Hampton Beebe from Newmark Multifamily Capital Markets.