Updated Mar 11, 2025
Berkshire Residential Investments Acquires 21.9 Acre Multifamily Property In Jupiter For $202.5M
863 University Boulevard, Jupiter, Florida 33458, United States
$202,500,000
Units
390
Asset Type
MultiFamily
Closing
Apr 6, 2022
About this deal
AI
The multifamily property located at 863 University Boulevard in Jupiter has been sold. The property covers an area of approximately 21.9 acres.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $202,500,000
- Date: 04/07/2022
- Market: Jupiter
- Units: 390
- Price per Unit: $519,231
- Buyer: Berkshire Residential Investments - David Olney
- Seller: Heitman - Maury Tognarelli
The buyer of the property is Berkshire Residential Investments, represented by David Olney. The seller is Heitman, represented by Maury Tognarelli.
The multifamily sale at 863 University Boulevard, Jupiter, Florida 33458, United States in Jupiter, Florida sold for $202.5M in 2022. Reported inventory is 390 units across 390 units. Named participants on the 863 University Boulevard, Jupiter, Florida 33458, United States sale are David Olney, Maury Tognarelli. This page is the Jupiter, Florida file for the 863 University Boulevard, Jupiter, Florida 33458, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Jupiter sit in the Market section below. Filter that Jupiter multifamily set by closing date to see what else sold near 863 University Boulevard, Jupiter, Florida 33458, United States around 2022. Published consideration for 863 University Boulevard, Jupiter, Florida 33458, United States is $202.5M, dated 2022. Cite this Berkshire Residential Investments Acquires 21.9 Acre Multifamily Property In Jupiter For $202.5M sale when underwriting similar multifamily product around Jupiter, Florida.
Players
Jupiter MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $519.2K per unit across 390 units on a published $202.5M (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93