Lyfe Properties Group Acquires Multifamily Asset In Gainesville From Beachwold Residential
205 SE 16th Ave, Gainesville, FL, USA
$33,600,000
$10,370/SF
Building Size
3,240 SF
Asset Type
MultiFamily
Closing
Sep 1, 2021
AI
The multifamily property located at 205 SE 16th Ave in Gainesville has been successfully sold. The sale was completed on 09/01/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 205 SE 16th Ave, Gainesville
- Market: Gainesville
The buyer of the property is Lyfe Properties Group, represented by Charles Kirshner & Simcha Schick. On the other hand, Beachwold Residential, represented by Gideon Z. Friedman & Adam Steiner, acted as the seller in this transaction.
Players
Gainesville 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93