Updated Sep 9, 2024
Steven Paulsen, John Andrews & Mason Highman Of SVN Commercial Partners Sell West Palm Beach Multifamily For $1.25M
2915 Broadway, West Palm Beach, Florida 33407, United States
$1,250,000
Units
8
Asset Type
MultiFamily
Closing
May 30, 2022
About this deal
AI
The multifamily property located at 2915 Broadway in West Palm Beach has been sold for a total price of $1,250,000. The property consists of 8 units, resulting in a per unit price of $156,250.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Market: West Palm Beach
- Brokers: Steven Paulsen, John Andrews & Mason Highman - SVN Commercial Partners
- Units: 8
- Price Per Unit: $156,250
The sale of this multifamily property was facilitated by brokers Steven Paulsen, John Andrews, and Mason Highman from SVN Commercial Partners.
On the Map
$1,250,000
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93