Updated Mar 30, 2026
Alexander Herzog Acquires Multifamily Property From Anthony D. Dyett In West Palm Beach For $2.05M
537 18th Street
$2,050,000
$224/SF
Building Size
9,120 SF
Asset Type
MultiFamily
Closing
Mar 27, 2026
About this deal
AI
A 16-unit multifamily property located at 537 18th Street in West Palm Beach was sold for $2,050,000. The property encompasses a total of 9,120 square feet, resulting in a price per square foot of approximately $225. The price per unit is recorded at $128,125.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,050,000
- Address: 537 18th Street
- Market: West Palm Beach
- Units: 16
- Square Footage: 9,120
- Price Per Unit: $128,125
- Price Per Square Foot: $225
- Buyer: Alexander Herzog
- Seller: Anthony D. Dyett
- Broker: Joseph Thomas - Marcus & Millichap
The transaction was facilitated by Joseph Thomas, representing Marcus & Millichap, underscoring the involvement of experienced brokers in the multifamily real estate market. Alexander Herzog and Anthony D. Dyett participated in the transaction as buyer and seller, respectively, completing this multifamily deal successfully.
On the Map
$2,050,000
$224/SF
MultiFamily
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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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93