Updated Mar 18, 2026
Fairstead Acquires Multifamily Property In Boca Raton For $33.75M
21000 Ruth and Baron Coleman Blvd, Boca Raton
$33,750,000
$462/SF
Building Size
73,003 SF
Asset Type
MultiFamily
Closing
Jul 5, 2020
About this deal
AI
The Jewish Federation of South Palm Beach County has recently sold a multifamily property in Boca Raton for a total of $33,750,000. This property, located at 21000 Ruth & Baron Coleman Boulevard, encompasses a spacious area of 73,003 square feet. With a price per square foot (PPSF) of $462, it offers a great investment opportunity. In addition, the property consists of 101 units, making it an attractive asset in the Boca Raton market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $33,750,000
- Address: 21000 Ruth & Baron Coleman Boulevard
- Market: Boca Raton
- Size: 73,003 square feet
- Price Per Square Foot (PPSF): $462
- Number of Units: 101
The buyer for this transaction is Fairstead, represented by Stephen Siegel, Will Blodgett, Andrew, and Jeffrey Goldberg. On the other hand, the Jewish Federation of South Palm Beach County acted as the seller. This deal showcases the collaboration between these parties and highlights the significance of this multifamily property transaction in Boca Raton's real estate market.
On the Map
$33,750,000
$462/SF
MultiFamily
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Players
Boca Raton 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