Updated Oct 28, 2024
Jean Bernard Pierre-Louis Acquires West Palm Beach Multifamily For $15.25M
260 Bella Sol Way, West Palm Beach, Florida 33406, United States
$15,250,000
Units
34
Asset Type
MultiFamily
Closing
May 30, 2022
About this deal
AI
Located at 260-407 Bella Sol Way in West Palm Beach, this multifamily property spans over 2.86 acres. The sale took place on 05/31/2022, with Jean Bernard Pierre-Louis as the buyer and Lynk Capital - Matt Brothers as the seller. The property consists of 34 units, with a sale price of $15,250,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $15,250,000
- Address: 260-407 Bella Sol Way, West Palm Beach
- Market: West Palm Beach
- Asset Type: Multifamily
- Acres: 2.86
- Buyer: Jean Bernard Pierre-Louis
- Seller: Lynk Capital - Matt Brothers
- Units: 34
- PPU: $448,529
The deal involved Jean Bernard Pierre-Louis as the buyer and Lynk Capital - Matt Brothers as the seller. The details of the transaction highlight the significance of this sale in the West Palm Beach market. This transaction underscores the demand for multifamily properties in the area, with a substantial sale price of $15,250,000 for 34 units. Jean Bernard Pierre-Louis's acquisition demonstrates their interest in investing in the real estate market.
On the Map
$15,250,000
MultiFamily
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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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93