Erin H Ankin Acquires Other Multi-Family Property In Boynton Beach For $80M
1575 West 8th Street, Lehigh Acres, Florida 33972, United States
$80,000,000
$522/SF
Building Size
153,252 SF
Asset Type
MultiFamily
Closing
Apr 3, 2022
AI
The other multi-family property located at 1575 W 8th St in Boynton Beach, FL has been sold for $80,000.000. The property spans a total area of 153,252 square feet, resulting in a price per square foot of $522.
Summary of transaction details:
- Property Type: Other Multi-Family
- Transaction Amount: $80,000,000
- Address: 1575 W 8th St, Boynton Beach, FL
- Market: Boynton Beach, FL
- Buyer: Erin H Ankin
- Seller: Steven R Robbins, Mitchell B Robbins & Kristi King
- Square Footage: 153,252
- Price per Square Foot: $522
Erin H Ankin has purchased the property from the sellers, Steven R Robbins, Mitchell B Robbins, and Kristi King. The transaction was finalized on 04/04/2022. The deal was facilitated by the respective brokers representing the buyer and sellers.
Players
Lehigh Acres 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93