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711 East 1st Street

Updated Apr 5, 2026

Forestwood Investments Acquires Multifamily Asset In Sanford Florida For $10.35M With Multihousing.Com As Seller
SOLDMultiFamily

Forestwood Investments Acquires Multifamily Asset In Sanford Florida For $10.35M With Multihousing.Com As Seller

711 East 1st Street

$10,350,000

$131/SF

Building Size

78,676 SF

Asset Type

MultiFamily

Closing

Mar 23, 2026

About this deal

AI

The property involved in this transaction is a multifamily asset located at 711 East 1st Street in Sanford, FL. The sale was completed at a price of $10,350,000. This asset consists of 76 units with a price per unit of $136,184. The total square footage of the property is 78,676, providing a price per square foot of $131.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $10,350,000
  • Units: 76
  • Price Per Unit: $136,184
  • Square Footage: 78,676
  • Price Per Square Foot: $131
  • Buyer: Forestwood Investments/Ralph Gelley
  • Seller: Multihousing.Com
  • Brokers: Jonathan Brody, Josh Dachs & Michael Schattner - Base Realty Group

The deal highlights the involvement of key individuals, with Ralph Gelley representing the buyer, Forestwood Investments. The seller, Multihousing.Com, is noted as a significant entity in the transaction, while the brokerage team of Jonathan Brody, Josh Dachs, and Michael Schattner from Base Realty Group facilitated the exchange.

On the Map

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$10,350,000

$131/SF

MultiFamily

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Players

Jonathan Brody

Base Realty Group

Broker

$1.7B

vol

48 deals

Broker
Ralph Gelley

Ralph Gelley

Forestwood Investments

Buyer

$118.9M

vol

7 deals

Buyer
M
Multihousing.comSeller
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Sanford MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $131 per square foot on a published $10.4M for 78,676 square feet (2026).

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Browse Sanford multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.53%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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