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2730 Lantana Road, Lantana,...

Benjamin Mallah Acquires Lantana Multifamily From Greystone For $9.9M
SOLDMultiFamily

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

Greystone
GreystoneBrokerage

Ben Mallah

Equity Management Partners

Buyer

$374.7M

vol

16 deals

Buyer

Stephen Rosenberg

Greystone

Seller

$158.8M

vol

3 deals

Seller

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