Kathy Koch Pitlake Sells Multifamily Penthouse 903 At 210 Southeast Mizner Boulevard For $10M
210 Southeast Mizner Boulevard
$10,000,000
$1,853/SF
Building Size
5,394 SF
Asset Type
MultiFamily
Closing
Apr 15, 2025
AI
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.
Players
Boca Raton 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93