Gary Scott & Stephen Marcuccio Acquire Multi-Family Property In Lake Worth Beach, FL For $4.1M
911 Federal Highway, Lake Worth, Florida 33460, United States
$4,100,000
$354/SF
Building Size
11,582 SF
Asset Type
MultiFamily
Closing
Apr 3, 2022
AI
The property at 911 N Federal Hwy & 905 N Federal Hwy in Lake Worth Beach, FL has been sold. The asset type is an Other Multi-Family property, with a total area of 11,582 square feet. The transaction took place on April 4, 2022. The buyers, Gary Scott and Stephen Marcuccio, acquired the property from Iwona Baran and Mariusz Baran. The sale price for the property was $4,100,000, resulting in a price per square foot of $353.
Summary of transaction details
- Property Type: Other Multi-Family
- Transaction Amount: $4,100,000
- Address: 911 N Federal Hwy & 905 N Federal Hwy, Lake Worth Beach, FL
- Buyer: Gary Scott & Stephen Marcuccio
- Seller: Iwona Baran & Mariusz Baran
- Square Footage: 11,582
- Price per Square Foot: $353
Gary Scott and Stephen Marcuccio were represented by their broker in the transaction. No additional information is available regarding any loans or financing involved in the deal.
Lake Worth Beach 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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93