Updated Oct 29, 2024
DiversyFund Growth REIT Acquires Stuart Multifamily For $15.5M
201 Southwest Joan Jefferson Way, Stuart, FL, USA
$15,500,000
$475/SF
Building Size
32,577 SF
Asset Type
MultiFamily
Closing
Jan 27, 2021
About this deal
AI
The multifamily property located at 201 SW Joan Jefferson Way in Stuart was recently sold in a transaction that closed on January 28, 2021. The property spans an area of 1.6 acres and is part of the Stuart market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,500,000
- Address: 201 SW Joan Jefferson Way, Stuart
- Market: Stuart
- Acres: 1.6
The buyer in this transaction was DiversyFund Growth REIT, while the seller was New Urban Communities. The deal was facilitated by brokers Alexis Shapiro and Stephen Nostrand from @one.cre.
The transaction involved the sale of 49 units, with a price per unit (PPU) of $316,300.
Players
Stuart 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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93