Benjamin Lipkin Acquires MultiFamily Property In West Palm Beach For $1.5M
SOLD
$1,500,000
Florida
See Similar DealsMultiFamily10,000 SF
Sold 08/24/2023
SOLD
Benjamin Lipkin Acquires MultiFamily Property In West Palm Beach For $1.5M
1530 Crescent Cir West Palm Beach, FL 33403, USA
See Similar DealsMultiFamily10,000 SF
Sold 08/24/2023
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$150
Total Square Footage:10,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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