Updated Dec 21, 2023
Chad & Doug Clark Acquire Multifamily Property In Palm Beach For $14.7M
106 Hammond Avenue, Palm Beach, Florida 33480, United States
$14,700,000
Units
6
Asset Type
MultiFamily
Closing
Mar 28, 2022
About this deal
AI
The multifamily property located at 106 Hammon Avenue in Palm Beach has been sold for a total price of $14,700,000. The sale took place on 03/29/2022. The property consists of 6 units, with each unit being approximately valued at $2,450,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,700,000
- Address: 106 Hammon Avenue
- Market: Palm Beach
Chad & Doug Clark have acted as the buyers in this transaction, while Jean Bernard Pierre Louis served as the seller. The brokerage firm Brown Harris Stevens represented both parties in the deal, with Sabra Kirkpatrick and Richard Berman being the brokers involved.
On the Map
$14,700,000
MultiFamily
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Players
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
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93