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202 Lucerne Avenue

Updated Sep 3, 2026

Hudson Bottecchia Acquires Multifamily Asset From Joe Zonenshine In Lake Worth Beach For $2.85M
SOLDMultiFamily

Hudson Bottecchia Acquires Multifamily Asset From Joe Zonenshine In Lake Worth Beach For $2.85M

202 Lucerne Avenue

$2,850,000

$305/SF

Building Size

9,320 SF

Asset Type

MultiFamily

Closing

Aug 31, 2026

About this deal

AI

The property asset involved in this transaction is a multifamily asset located at 202 Lucerne Avenue in Lake Worth Beach. The sale price was $2,850,000, and the property consists of 14 units, with a price per unit of $203,571. The total square footage of the property is 9,320 square feet, resulting in a price per square foot of $305.

Summary of transaction details:

This transaction involved key individuals including the buyer, Hudson Bottecchia, and the seller, Joe Zonenshine. Representing them in the deal were brokers Elior Levi and Ashleen Cruz from Fausto Commercial Realty Consultants, facilitating the overall transaction process.

Players

Elior Levi

Fausto Commercial Realty Consultants

Broker

$116M

vol

42 deals

Broker

Lake Worth Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $305 per square foot on a published $2.9M for 9,320 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.57%

Cash-on-Cash

-1.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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