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131 Shore Court

John D. Bols Acquires North Palm Beach Multifamily For $3.25M
SOLDMultiFamily

John D. Bols Acquires North Palm Beach Multifamily For $3.25M

131 Shore Court

$3,250,000

$298/SF

Building Size

10,890 SF

Asset Type

MultiFamily

Closing

Nov 30, 2023

AI

The multifamily property located at 131 Shore Court in North Palm Beach has been sold in a transaction that closed on November 30, 2023. The property consists of 15 units, with a total square footage of 10,890. The sale price for the property was $3,250,000, resulting in a price per unit of $216,667 and a price per square foot of $298.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,250,000
  • Units: 15
  • Price per Unit: $216,667
  • Square Footage: 10,890
  • Price per Square Foot: $298
  • Address: 131 Shore Court, North Palm Beach

The buyer of the property is John D. Bols, while the seller is Charles L. Ill. Representing the buyer in the transaction was Nelson Ilceus from Colliers International.

Players

Nelson Ilceus

Colliers

Broker

$39.4M

vol

13 deals

Broker

John D. Bols

Buyer

$13.1M

vol

6 deals

Buyer

North 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

4.88%

Cash-on-Cash

-1.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93