A multifamily property located at 591 Evernia Street in West Palm Beach has been sold for a price of $114,750,000. The transaction took place on December 4, 2020, and was facilitated by New York Life Real Estate Investors as the buyer. The seller of the property was Florida East Coast Industries represented by Kolleen Cobb. The property consists of 290 units, with a price per unit (PPU) of $395,690.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $114,750,000
• Address: 591 Evernia Street, West Palm Beach
• Market: West Palm Beach
• Buyer: New York Life Real Estate Investors
• Seller: Florida East Coast Industries - Kolleen Cobb
• Units: 290
• Price per Unit: $395,690

Kolleen Cobb, a representative from Florida East Coast Industries, played a key role in the transaction as the seller's representative. The deal showcases the involvement of New York Life Real Estate Investors as the buyer, highlighting their interest in acquiring multifamily properties in the West Palm Beach market.