Social Housing Acquires Multifamily Property In Lake Worth Beach For $81.5M
2430 Lake Worth Road, Lake Worth, Florida 33461, United States
$81,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 5, 2022
AI
The multifamily property located at 2430 Lake Worth Road & 2220 Lake Worth Road in Lake Worth Beach has been sold. The property spans across 12.3 acres and is situated in a desirable market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $81,500,000
- Units: 334
- Price per Unit (PPU): $244,012
Social Housing has acquired the property from AHS Residential, with Ernesto Lopes representing the seller. Roberto Pesant and Jaret Turkell from Berkadia served as the seller's representatives in the deal.
Players
Palm Springs 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
0.19%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93