Updated Oct 28, 2024
Waterton Acquires Boynton Beach Multifamily For $80M With Buyer's Rep David Schwartz & Julie Heigel
1575 Southwest 8th Street, Boynton Beach, Florida 33426, United States
$80,000,000
Units
216
Asset Type
MultiFamily
Closing
Apr 7, 2022
About this deal
AI
The multifamily property located at 1575 SW Eighth St in Boynton Beach has been sold for a total of $80,000,000. The property spans over an area of 14.2 acres and consists of 216 units. The sale price per unit is estimated to be $370,370.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $80,000,000
- Address: 1575 SW Eighth St
- Market: Boynton Beach
- Acreage: 14.2
- Units: 216
- Price Per Unit: $370,370
The buyer of the property is Waterton represented by David Schwartz & Julie Heigel, while the seller is Robbins Property Associates.
Players
Boynton Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit David Schwartz to view all their deals.
Browse Florida multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93