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.
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