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Brandon Pham Purchases Multifamily Property From John Franchina In West Palm Beach For $1.075M

Property Image
SOLD
$1,075,000
Daniel J. Cunningham
River Rhoads
+ 2

Florida

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MultiFamily4,562 SF
Sold 12/16/2025
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Property Image
SOLD

Brandon Pham Purchases Multifamily Property From John Franchina In West Palm Beach For $1.075M

532 26th Street

See Similar Deals
MultiFamily4,562 SF
Sold 12/16/2025
Daniel J. Cunningham
River Rhoads
+ 2
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$235
Total Square Footage:4,562 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 532 26th Street in West Palm Beach. This six-unit property sold for $1,075,000 and has a total square footage of 4,562, resulting in a price per unit of $179,166 and a price per square foot of $235.

Summary of transaction details:

This transaction highlights the efforts of Evan Richardson, a Senior Director of Investments, who noted the property’s advantageous location in relation to the arts and dining district of Northwood Village, which adds to its appeal as a multifamily asset.

Players

Daniel J. Cunningham
30 deals$197M volume
BROKER

Evan Richardson
Marcus & Millichap
30 deals$183.1M volume
BROKER

River Rhoads
Marcus & Millichap
29 deals$153.9M volume
BROKER

Dillon Majeski
Marcus & Millichap
27 deals$169.1M volume
BROKER

Cory Sanchez
Marcus & Millichap
18 deals$123.4M volume(954) 245-3445
BROKER

Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Daniel J. Cunningham, Dillon Majeski, Evan Richardson, Cory Sanchez & River Rhoads DATE: 12/16/2025 ADDRESS: 532 26th Street MARKET: West Palm Beach ASSET TYPE: Multifamily BUYER: Brandon Pham SELLER: John Franchina BROKERS: Daniel J. Cunningham, Dillon Majeski, Evan Richardson, Cory Sanchez & River Rhoads (@River.Rhoads) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $1,075,000 UNITS: 6 ~ PPU: $179,166 SF: 4,562 ~ PPSF: $235 NOTE FROM BROKER: "The sale underscores the appeal of well-located multifamily assets in West Palm Beach, with this six-unit property benefiting from its proximity to the vibrant arts and dining district of Northwood Village."-Evan Richardson, Senior Director Investments

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$57,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,819.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,096.05
Annual Debt Service$61,152.58