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1530 Crescent Cir West Palm...

Benjamin Lipkin Acquires MultiFamily Property In West Palm Beach For $1.5M
SOLDMultiFamily

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

Benjamin Lipkin

Broker

$7.8M

vol

3 deals

Broker

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