Updated Dec 4, 2024
F/Advance Capital Acquires Multifamily Property At 3200 Haverhill Road For $17.4M
3200 Haverhill Road
$17,400,000
$226/SF
Building Size
76,800 SF
Asset Type
MultiFamily
Closing
Nov 20, 2024
About this deal
AI
The property asset involved in the transaction is a multifamily building located at 3200 Haverhill Road in West Palm Beach. The sale price of the property was $17,400,000. The building consists of 60 units, with a price per unit of $290,000. The total square footage of the asset is 76,800, resulting in a price per square foot of $226.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $17,400,000
- Units: 60
- Price Per Unit: $290,000
- Square Footage: 76,800
- Price Per Square Foot: $226
- Buyer: F/Advance Capital
- Buyer's Representative: Demian Perelmuter
- Date of Transaction: 11/20/2024
- Market: West Palm Beach
Demian Perelmuter represented the buyer, F/Advance Capital, in the transaction. The deal was concluded on November 20, 2024, highlighting the active market presence in West Palm Beach for multifamily assets.
On the Map
$17,400,000
$226/SF
MultiFamily
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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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93