Updated Oct 29, 2024
Boca Sunrise Apartments LLC Sells Multifamily Property In Boca Raton For $2.7M
1600 Northwest 15th Avenue, Boca Raton, Florida 33486, United States
$2,725,000
Units
9
Asset Type
MultiFamily
Closing
Mar 1, 2023
About this deal
AI
The multifamily property located at 1600 NW 15th Avenue in Boca Raton has been sold for a price of $2,725,000. The property spans across 0.57 acres and consists of 9 units. The sale price per unit amounts to $302,778.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,725,000
- Address: 1600 NW 15th Avenue
- Market: Boca Raton
- Asset Type: Multifamily
- Acres: 0.57
The sale was facilitated by Brandon J. Rex and Evan P. Kristol from Marcus & Millichap on behalf of the seller, Boca Sunrise Apartments LLC. They represented the seller in this transaction.
Players
Boca Raton 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
5.82%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93