180 Cypress Development Group Sells Hollybrook Homes Apartments In Jacksonville For $18M

The 182-unit Hollybrook Homes Apartments at 104 King St. in Lackawanna, West Jacksonville, were sold for $18 million on Oct. 16. The buyer, 180 Cypress Development Group, purchased the property from the seller, Omni New York, through Hollybrook Homes Apartments LP. The per-unit price for the transaction was $92,901. The apartments range in size from 712 to 1,440 sq ft, with estimated rents between $950 and $1,299.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $18,000,000
• Address: 104 King Street
• Market: Jacksonville
• Acres: 13
• Buyer: 180 Cypress Development Group
• Seller: Omni New York
• Units: 182
• Price Per Unit: $92,901

The buyer, 180 Cypress Development Group, made the purchase through Hollybrook Homes Apartments LP. On the other side, the seller was Omni New York. This transaction showcases the involvement of key individuals and companies in the real estate deal.