Updated Oct 28, 2024
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
About this deal
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.
The multifamily sale at 205 SE 16th Ave, Gainesville, FL, USA in Gainesville, Florida sold for $33.6M in 2021. Reported inventory is 3,240 square feet across 242 units, or about 10.4K per square foot. Named participants on the 205 SE 16th Ave, Gainesville, FL, USA sale are Charles Kirshner. This page is the Gainesville, Florida file for the 205 SE 16th Ave, Gainesville, FL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Gainesville sit in the Market section below. Filter that Gainesville multifamily set by closing date to see what else sold near 205 SE 16th Ave, Gainesville, FL, USA around 2021. Published consideration for 205 SE 16th Ave, Gainesville, FL, USA is $33.6M, dated 2021. Cite this Lyfe Properties Group Acquires Multifamily Asset In Gainesville From Beachwold Residential sale when underwriting similar multifamily product around Gainesville, Florida.
On the Map
$33,600,000
$10,370/SF
MultiFamily
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Players
Gainesville 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93