Updated Oct 29, 2024
Krausz Cos Acquires Multifamily Property In West Palm Beach For $14.1M
1907 North Haverhill Road, West Palm Beach, FL, USA
$14,100,000
$694/SF
Building Size
20,312 SF
Asset Type
MultiFamily
Closing
Jan 11, 2021
About this deal
AI
Two multifamily properties located at 1907 & 1911 N. Haverhill Road in West Palm Beach have been sold for a total of $14,100,000. The buyer, Krausz Cos represented by Ron Krausz, acquired the properties from AVG APTS LLC. The transaction was completed on January 12, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,100,000
- Units: 94
- Price Per Unit: $150,000
- Acres: 7.63
- Price Per Acre: $1,847,969
Ron Krausz, representing Krausz Cos, acted as the buyer's representative in this deal. No additional details are available regarding the transaction.
Players
West Palm Beach 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93