Menachem Light And Levi Tennenhaus Acquire Multifamily Property From Robert Cohen For $9.45M
3770 Southeast County Line Road
$9,450,000
$292/SF
Building Size
32,302 SF
Asset Type
MultiFamily
Closing
Jun 10, 2025
AI
The property asset involved in this transaction is a multifamily complex located at 3770 Southeast County Line Road in Tequesta. The sale price for the property was $9,450,000. The total size of the asset is 32,302 square feet, resulting in a price per square foot of $292. With 16 units, the price per unit amounts to $590,625.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,450,000
- Address: 3770 Southeast County Line Road
- Market: Tequesta
- Units: 16
- Square Footage: 32,302
- Price Per Unit: $590,625
- Price Per Square Foot: $292
- Buyer: Menachem Light & Levi Tennenhaus - County Line II LLC
- Seller: Robert Cohen - Vox Real Estate Holdings LLC
- Buyer's Representative: Sean Mooney & James Lopez - Compass FL
- Seller's Representative: Calum Weaver - CBRE
This deal marks the second time the property has traded, having previously been sold in 2021 for $9.6 million, also brokered by Sean Mooney and James Lopez. The latest transaction closed in June of 2025, reflecting a significant decrease of $5.5 million from the previous trade in 2023. Calum Weaver represented the seller, ensuring the transaction was managed effectively on their behalf.
Players
Jupiter 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
1.68%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93