Updated May 12, 2025
Bar Invest Group Acquires Pinebrook Pointe Multifamily In Margate For $93M
3495 Pinewalk Drive North
$93,000,000
$206/SF
Building Size
451,337 SF
Asset Type
MultiFamily
Closing
Dec 14, 2023
About this deal
AI
The multifamily property located at 3495 Pinewalk Drive in Margate was sold for $93 million, encompassing 394 units and a total square footage of 451,337. The price per unit is approximately $236,041, while the price per square foot stands at $206.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $93,000,000
- Units: 394
- Price Per Unit: $236,041
- Square Footage: 451,337
- Price Per Square Foot: $206
- Buyer: Bar Invest Group - Herve Barbera
- Seller: LivCor - Kelly Vohs
- Lender: BankUnited
Bar Invest Group, represented by Herve Barbera, has acquired the property from LivCor, with Kelly Vohs acting as their representative. The transaction highlights the involvement of BankUnited in the lending process.
On the Map
$93,000,000
$206/SF
MultiFamily
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Players
Margate 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93