Category Five Real Estate Acquires Multifamily Property In Deerfield Beach For $24.6M

The multifamily property located at 311 Northwest 42nd Court in Deerfield Beach has been sold for a total price of $24,600,000. The transaction, which took place on December 27, 2023, involved a total of 156 units, resulting in a per unit price of $157,692.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $24,600,000
• Address: 311 Northwest 42nd Court
• Market: Deerfield Beach
• Buyer: Category Five Real Estate - Leon Peisach & Mike Peisach
• Seller: Prashkovsky USA – Adi KAradi
• Brokers: Yoav Yuhtman, Jose Mota, Roberto Pesant, Jaret Turkell, Omar Morales, Mitch Sinberg, Brad Williamson, Matt Robbins & Scott Wadler - Berkadia
• Loan Amount: $14,760,000
• Loan Terms: Acquisition financing loan. The seven-year, fixed-rate, non-recourse loan includes four years interest only and a step-down pre-payment structure.

The deal was facilitated by a team of brokers from Berkadia, including Yoav Yuhtman, Jose Mota, Roberto Pesant, Jaret Turkell, Omar Morales, Mitch Sinberg, Brad Williamson, Matt Robbins, and Scott Wadler.