Benjamin Lipkin Acquires MultiFamily Property In West Palm Beach For $1.5M
1530 Crescent Cir West Palm Beach, FL 33403, USA
$1,500,000
$150/SF
Building Size
10,000 SF
Asset Type
MultiFamily
Closing
Aug 24, 2023
AI
The property involved in this transaction is a multifamily asset located at 1530 Crescent Circle in the West Palm Beach market. The property spans 10,000 square feet and consists of 8 units. The sale price for this property was $1,500,000, resulting in a price per unit of $187,500 and a price per square foot of $150.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 1530 Crescent Circle
- Market: West Palm Beach
- Units: 8
- Price per Unit: $187,500
- Square Footage: 10,000
- Price per Square Foot: $150
Wendy De Rycke served as the seller in this transaction. The buyer's representative was Benjamin Lipkin from LIV Real Estate Group.
Players
Market 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93