facebook


Go ProSubmit a deal
Submit
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

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.

Instagram

On the Map

Open live map

$10,350,000

$131/SF

MultiFamily

View full map

Players

Jonathan Brody

Base Realty Group

Broker

$1.7B

vol

50 deals

Broker
Ralph Gelley

Ralph Gelley

Forestwood Investments

Buyer

$140.4M

vol

9 deals

Buyer
M
Multihousing.comSeller
Bilt advertisement

Sanford MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

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

Visit Michael Schattner to view all their deals.

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

More Deals

Nearby Markets