Updated Oct 29, 2024
Landmark Co.s Acquires Multifamily Property In Deerfield Beach For $30M
3800 Crystal Lake Dr, Deerfield Beach, FL, USA
$30,000,000
$208/SF
Building Size
144,205 SF
Asset Type
MultiFamily
Closing
Nov 14, 2019
About this deal
AI
The multifamily property located at 3800 Crystal Lake Dr in Deerfield Beach has been sold for $30,000,000. The transaction took place on 11/15/2019. The property consists of 125 units with a price per unit of $240,000. The total square footage is 144,205, resulting in a price per square foot of $208.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $30,000,000
- Address: 3800 Crystal Lake Dr
- Market: Deerfield Beach
- Units: 125
- Price per Unit: $240,000
- Total Square Footage: 144,205
- Price per Square Foot: $208
AHS Residential, represented by Ernesto Lopes, was the seller in this transaction. The buyer is Landmark Co.s.
Players
Deerfield Beach 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93