Updated Dec 21, 2023
Susan & Gary Buchard Acquire Palm Beach Shores Multifamily Property On Inlet Way For $3.94M
125 Inlet Way, Palm Beach Shores, Florida 33404, United States
$3,940,000
$611/SF
Building Size
6,448 SF
Asset Type
MultiFamily
Closing
Dec 14, 2021
About this deal
AI
Located at 125 Inlet Way in Palm Beach Shores, this recently closed transaction involved a multifamily property.
Summary of transaction details
- Property Type: Multifamily
- Date: 12/15/2021
- Buyer: Susan & Gary Buchard
- Seller: Bari Roth & Jacob Elefant
- Seller's Rep: Bastian Laggerbauer & Mark M. Rubin - Colliers
- Asking Price: $4,000,000
- Sale Price: $3,940,000
- Units: 12
- Price Per Unit (PPU): $328,333
- Square Footage: 6,448
- Price Per Square Foot (PPSF): $611
The buyers in this transaction were Susan and Gary Buchard, while the sellers were Bari Roth and Jacob Elefant. The seller's representatives in this deal were Bastian Laggerbauer and Mark M. Rubin from Colliers.
Players
Palm Beach Shores 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
4.03%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93