Updated Dec 22, 2025
Craig Nassi Of West Palm Beach Living Purchases Multifamily Property From Ruban Ramirez For $48M
5262 South Stacy Street
$48,000,000
$146/SF
Building Size
328,000 SF
Asset Type
MultiFamily
Closing
Nov 21, 2025
About this deal
AI
The property asset involved in this transaction is a multifamily asset located at 5262 South Stacy Street in West Palm Beach. The total sale price for this asset was $48,000,000, covering a total square footage of 328,000, resulting in a price per square foot of $146.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $48,000,000
- Address: 5262 South Stacy Street
- Market: West Palm Beach
- Square Footage: 328,000
- Price per Square Foot: $146
- Buyer: Craig Nassi - West Palm Beach Living
- Seller: Ruban Ramirez - Brek Holdings
The key individuals involved in this deal include Craig Nassi, representing West Palm Beach Living as the buyer, and Ruban Ramirez from Brek Holdings as the seller. Their involvement brings a significant transaction to the multifamily real estate market in West Palm Beach.
On the Map
$48,000,000
$146/SF
MultiFamily
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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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93