F/Advance Capital Acquires Multifamily Property At 3200 Haverhill Road For $17.4M
SOLD
$17,400,000
Florida
See Similar DealsMultiFamily76,800 SF
Sold 11/20/2024
SOLD
F/Advance Capital Acquires Multifamily Property At 3200 Haverhill Road For $17.4M
3200 Haverhill Road
See Similar DealsMultiFamily76,800 SF
Sold 11/20/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$226
Total Square Footage:76,800 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$928,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$61,818.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,484.88
Annual Debt Service$989,818.52
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