Benjamin Mallah Acquires Lantana Multifamily From Greystone For $9.9M
2730 Lantana Road, Lantana, FL, USA
$9,900,000
$29/SF
Building Size
335,412 SF
Asset Type
MultiFamily
Closing
Mar 18, 2021
AI
The multifamily property located at 2730 Lantana Road in Lantana has been sold for $9,900,000. The sale was completed on March 19, 2021. The property consists of 94 units, resulting in a price per unit of $105,319. It spans across 7.7 acres, with a price per acre of $1,285,714.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,900,000
- Address: 2730 Lantana Road
- Market: Lantana
Benjamin Mallah, representing Equity Management Partners, acted as the buyer in this transaction. Stephen Rosenberg, representing Greystone, served as the seller. Benjamin Mallah acquired the property for the specified price, marking a significant transaction in the multifamily market in Lantana.
Players
Lantana 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
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93