Updated Oct 28, 2024
Deepak Khosa Acquires Multifamily Property In West Palm Beach For $7.9M
4885 Arjaro Drive, West Palm Beach, FL 33407, USA
$7,900,000
$986/SF
Building Size
8,008 SF
Asset Type
MultiFamily
Closing
Aug 30, 2021
About this deal
AI
Located at 4885 Lake Arjaro Drive in West Palm Beach, this multifamily property was recently sold in a closed transaction. The property consists of 57 units and was purchased by Deepak Khosa for a sale price of $7,900,000. The price per unit for this transaction is approximately $138,596.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,900,000
The buyer of the property is Deepak Khosa, while the seller is the DME Group, represented by Maria Garcia and George Hartley.
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
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93