TA Realty Acquires Delray Beach Multifamily For $82.8M With Buyer's Rep James Buckingham, Michael Haggerty & James Raisides And Seller Mesirow Financial Richard Price
150 Southeast 2nd Avenue, Delray Beach, FL, USA
$82,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 4, 2021
AI
TA Realty has acquired a multifamily property in Delray Beach for the price of $82,800,000. The property, located at 150 Southeast Second Avenue and 151 Southeast Third Avenue, consists of 172 units. The sale price corresponds to an average per unit price of $481,395.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $82,800,000
- Address: 150 Southeast Second Avenue & 151 Southeast Third Avenue, Delray Beach
- Market: Delray Beach
- Buyer: TA Realty - James Buckingham, Michael Haggerty & James Raisides
- Seller: Mesirow Financial - Richard Price
- Number of Units: 172
- Price Per Unit: $481,395
The acquisition was made by TA Realty, with James Buckingham, Michael Haggerty, and James Raisides representing the buyer. On the seller's side, Richard Price represented Mesirow Financial in the transaction.
Players
Delray Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93