Sympatico Real Estate Acquires Multifamily Asset In West Palm Beach For $17 Million
2157 Haverhill Road South
$17,000,000
$303,571/SF
Building Size
56 SF
Asset Type
MultiFamily
Closing
Nov 6, 2024
AI
The asset involved in this transaction is a multifamily property located at 2157 Haverhill Road South in the West Palm Beach market. The sale price was $17,000,000, which translates to a per-unit price of $303,571 for the 56 units of the property, amounting to a total square footage of 56 with a price per square foot of $303,571.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $17,000,000
- Address: 2157 Haverhill Road South
- Market: West Palm Beach
- Units: 56
- PPU: $303,571
- SF: 56
- PPSF: $303,571
- Buyer: Sympatico Real Estate
- Seller: MAG Real Estate and Development
- Brokers: Omar Morales, Roberto Pesant, Jaret Turkell & Yoav Yuhjtman - Berkadia
This transaction involved key individuals from Berkadia, including brokers Omar Morales, Roberto Pesant, Jaret Turkell, and Yoav Yuhjtman, representing the interests of the buyer and seller in this multifamily real estate acquisition.
Players
West 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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93