Lyfe Properties Group Acquires Multifamily Asset In Gainesville From Beachwold Residential
SOLD
$33,600,000
Florida
See Similar DealsMultiFamily3,240 SF
Sold 09/01/2021
SOLD
Lyfe Properties Group Acquires Multifamily Asset In Gainesville From Beachwold Residential
205 SE 16th Ave, Gainesville, FL, USA
See Similar DealsMultiFamily3,240 SF
Sold 09/01/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$10,370
Total Square Footage:3,240 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,792,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$119,373.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$159,281.14
Annual Debt Service$1,911,373.70
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