Updated Oct 28, 2024
Pantzer Properties Acquires Multifamily Asset In Palm Beach Gardens For $66.5M
2100 Pga Boulevard
$66,500,000
Units
136
Asset Type
MultiFamily
Closing
Apr 8, 2022
About this deal
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.
On the Map
$66,500,000
MultiFamily
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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