Jed Markson Acquires Multifamily Asset In Boca Raton For $2.9M
SOLD
$2,900,000
Florida
See Similar DealsMultiFamily7,325 SF
Sold 07/11/2022
SOLD
Jed Markson Acquires Multifamily Asset In Boca Raton For $2.9M
3000 Northwest 5th Avenue, Boca Raton, Florida 33431, United States
See Similar DealsMultiFamily7,325 SF
Sold 07/11/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$395
Total Square Footage:7,325 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
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