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
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