Updated Dec 21, 2023
Jed Markson Acquires Multifamily Asset In Boca Raton For $2.9M
3000 Northwest 5th Avenue, Boca Raton, Florida 33431, United States
$2,900,000
$395/SF
Building Size
7,325 SF
Asset Type
MultiFamily
Closing
Jul 10, 2022
About this deal
AI
The multifamily property located at 3000 NW 5th Avenue in Boca Raton was recently sold for $2,900,000. The sale was completed on 07/11/2022, and the transaction involved 16 units. The price per unit was $181,250, and the total square footage of the property is 7,325. The price per square foot was $396.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Units: 16
- Price per Unit: $181,250
- Square Footage: 7,325
- Price per Square Foot: $396
Jed Markson acquired the property from Kendall Rosa. The brokerage services for this sale were provided by Tyler Carbonelli from Colliers.
On the Map
$2,900,000
$395/SF
MultiFamily
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Boca Raton 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93