Updated Dec 20, 2023
Marcus & Millichap Brokers Sell Multifamily Property In West Palm Beach For $5.8M
4011 36th Ct, West Palm Beach, FL, USA
$5,800,000
$40/SF
Building Size
144,658 SF
Asset Type
MultiFamily
Closing
Nov 10, 2021
About this deal
AI
The multifamily property located at 4011 36th Ct in West Palm Beach has been sold for $5,800,000. The transaction took place on 11/10/2021 and involved 57 units. The price per unit was calculated at $101,754.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,800,000
- Address: 4011 36th Ct
- Market: West Palm Beach
The sale was facilitated by brokers Daniel J. Cunningham and Evan Richardson from Marcus & Millichap.
The multifamily sale at 4011 36th Ct, West Palm Beach, FL, USA in West Palm Beach, Florida sold for $5.8M in 2021. Reported inventory is 144,658 square feet across 57 units, or about 40 per square foot. Evan Richardson, Daniel J. Cunningham, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the West Palm Beach, Florida file for the 4011 36th Ct, West Palm Beach, FL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same West Palm Beach sit in the Market section below. Filter that West Palm Beach multifamily set by closing date to see what else sold near 4011 36th Ct, West Palm Beach, FL, USA around 2021. Published consideration for 4011 36th Ct, West Palm Beach, FL, USA is $5.8M, dated 2021. Cite this Marcus & Millichap Brokers Sell Multifamily Property In West Palm Beach For $5.8M sale when underwriting similar multifamily product around West Palm Beach, Florida.
Players
West Palm 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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93