SOLDMultiFamily
Pantzer Properties Acquires Multifamily Asset In Palm Beach Gardens For $66.5M
2100 Pga Boulevard
$66,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 8, 2022
AI
Located at 2100 PGA Blvd in Palm Beach Gardens, this multifamily property spans across 3.2 acres. The transaction took place on 04/08/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $66,500,000
- Address: 2100 PGA Blvd, Palm Beach Gardens
- Market: Palm Beach Gardens
- Asset Type: Multifamily
- Acres: 3.2
Jason Pantzer, representing Pantzer Properties, was the buyer in the transaction, while the seller was Eastwind Development Group & ICP.
The property consists of 136 units, with a per unit price of $488,971.
North 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93