Updated Sep 3, 2026
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:
- Property Type: Multifamily
- Transaction Amount: $2,850,000
- Buyer: Hudson Bottecchia
- Seller: Joe Zonenshine
- Brokers: Elior Levi & Ashleen Cruz - Fausto Commercial Realty Consultants
- Units: 14
- Price Per Unit: $203,571
- Square Footage: 9,320
- Price Per Square Foot: $305
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
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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93