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
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.
Players
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