Kathy Koch Pitlake Sells Multifamily Penthouse 903 At 210 Southeast Mizner Boulevard For $10M
SOLD
$10,000,000
Florida
See Similar DealsMultiFamily5,394 SF
Sold 04/15/2025
SOLD
Kathy Koch Pitlake Sells Multifamily Penthouse 903 At 210 Southeast Mizner Boulevard For $10M
210 Southeast Mizner Boulevard
See Similar DealsMultiFamily5,394 SF
Sold 04/15/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$1,853
Total Square Footage:5,394 SF
Transaction Type:Sale
The property asset involved in the transaction is a multifamily unit located at 210 Southeast Mizner Boulevard, specifically ALINA 210, Penthouse 903 in Boca Raton. The sale price was $10,000,000, with a total area of 5,394 square feet, resulting in a price per square foot of $1,853.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,000,000
- Address: 210 Southeast Mizner Boulevard (ALINA 210, Penthouse 903)
- Market: Boca Raton
- Square Footage: 5,394
- Price Per Square Foot: $1,853
- Seller: Kathy Koch Pitlake
- Broker: Claude Champagne - Champagne & Parisi Real Estate
The transaction featured Kathy Koch Pitlake as the seller, supported by broker Claude Champagne representing Champagne & Parisi Real Estate. The focus of this deal lies on the parties involved facilitating the sale within the Boca Raton market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
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