Updated Oct 28, 2024
Nick Antonopoulos Acquires Multifamily Property In West Palm Beach For $64.5M
700 Venice Circle, West Palm Beach, Florida 33403, United States
$64,500,000
$622/SF
Building Size
103,626 SF
Asset Type
MultiFamily
Closing
Dec 20, 2021
About this deal
AI
The multifamily property located at 700 Venice Cir in West Palm Beach, FL has been sold in a closed transaction. The sale took place on December 21, 2021. The property spans across a total square footage of 103,626. The price for this transaction was $64,500,000, resulting in a price per square foot of $622.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $64,500,000
- Address: 700 Venice Cir, West Palm Beach, FL
- Size: 103,626 square feet
- Price per Square Foot: $622
The buyer in this transaction is Nick Antonopoulos, while the seller is Trust Lake Park Ltd.
Please let me know if there is anything else I can assist you with.Players
Lake Park 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93