Updated Nov 27, 2024
Blackstone Acquires Multifamily Property In Boynton Beach For $40.25M
12575 Green Cay Farm Boulevard, Boynton Beach, Florida 33437, United States
$40,250,000
$8,124/SF
Building Size
4,954 SF
Asset Type
MultiFamily
Closing
May 21, 2022
About this deal
AI
The multifamily property located at 12575 Green Cay Farm Blvd in Boynton Beach has been sold in a recent transaction. The property consists of 160 units, with a per unit price of $251,563.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $40,250,000
- Buyer: Blackstone
- Seller: Housing Trust Group
Blackstone served as the buyer in the transaction, while Housing Trust Group acted as the seller. This deal signals the successful conclusion of a property sale in Boynton Beach's market.
The multifamily sale at 12575 Green Cay Farm Boulevard, Boynton Beach, Florida 33437, United States in Boynton Beach, Florida sold for $40.3M in 2022. Reported inventory is 4,954 square feet across 160 units, or about 8.1K per square foot. This page is the Boynton Beach, Florida file for the 12575 Green Cay Farm Boulevard, Boynton Beach, Florida 33437, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Boynton Beach sit in the Market section below. Filter that Boynton Beach multifamily set by closing date to see what else sold near 12575 Green Cay Farm Boulevard, Boynton Beach, Florida 33437, United States around 2022. Published consideration for 12575 Green Cay Farm Boulevard, Boynton Beach, Florida 33437, United States is $40.3M, dated 2022. Cite this Blackstone Acquires Multifamily Property In Boynton Beach For $40.25M sale when underwriting similar multifamily product around Boynton Beach, Florida.
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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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93