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3780 NW 24th Blvd, Gainesvi...

Lee Rosenthal Acquires Multifamily Property In Gainesville, FL For $76.95M
SOLDMultiFamily

Lee Rosenthal Acquires Multifamily Property In Gainesville, FL For $76.95M

3780 NW 24th Blvd, Gainesville, FL, 32605

$76,950,000

Building Size

Asset Type

MultiFamily

Closing

Dec 23, 2021

AI

A multifamily property located at 3780 NW 24th Blvd. in Gainesville, FL has been sold in a closed transaction. The sale was facilitated by brokers Jay Weiner and Jonathan Brody from RosewoodRG. The property consists of 322 units and was purchased by Lee Rosenthal from the seller Charles Thompson. The transaction took place on 12/23/2021 and the sale price was $76,950,000, resulting in a per unit price of $238,975.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $76,950,000
  • Units: 322
  • Price Per Unit: $238,975
  • Buyer: Lee Rosenthal
  • Seller: Charles Thompson
  • Brokers: Jay Weiner & Jonathan Brody from RosewoodRG
  • Date: 12/23/2021

The sale of the multifamily property at 3780 NW 24th Blvd. in Gainesville, FL was a significant transaction in the market. The involvement of brokers Jay Weiner and Jonathan Brody from RosewoodRG indicates their expertise in facilitating successful deals. Lee Rosenthal acted as the buyer, while Charles Thompson represented the seller. This transaction highlights the demand and value of multifamily properties in the Gainesville area.

Players

Jonathan Brody

Base Realty Group

Broker

$1.7B

vol

48 deals

Broker

Lee Rosenthal

West Shore

Buyer

$955.4M

vol

5 deals

Buyer

Gainesville 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

0.21%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93