L&L Holding Co. Acquires Multifamily Property In Palm Beach Gardens For $46.8M
3333 Central Gardens Circle, Palm Beach Gardens, FL, USA
$46,800,000
$3,600/SF
Building Size
13,000 SF
Asset Type
MultiFamily
Closing
Dec 13, 2020
AI
A multifamily property located at 3333 Central Gardens Circle in Palm Beach Gardens has been sold for $46,800,000. The property consists of 124 units, with a price per unit (PPU) of $377,419. The sale was completed on December 14, 2020.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $46,800,000
- Address: 3333 Central Gardens Circle
- Market: Palm Beach Gardens
- Number of Units: 124
- Price per Unit: $377,419
The buyer in this transaction was L&L Holding Co., while the seller was Schottenstein Real Estate. Brian Schottenstein, David Levinson, and Robert Lapidus represented the seller in the deal.
Palm Beach Gardens 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93