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3770 Southeast County Line ...

Menachem Light And Levi Tennenhaus Acquire Multifamily Property From Robert Cohen For $9.45M
SOLDMultiFamily

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

Calum Weaver

CBRE

Broker

$621.2M

vol

30 deals

Broker
CBRE
CBREBrokerage
Robert Cohen

Robert Cohen

Seller

$153M

vol

6 deals

Seller

Jupiter MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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