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800 Beatty Rd, St Andrews, ...

Icer Properties Acquires Multifamily Property In St. Andrews For $5.7M
SOLDMultiFamily

Icer Properties Acquires Multifamily Property In St. Andrews For $5.7M

800 Beatty Rd, St Andrews, SC, USA

$5,700,000

$5,135/SF

Building Size

1,110 SF

Asset Type

MultiFamily

Closing

Jul 14, 2020

AI

The multifamily property located at 800 Beatty Rd. in St. Andrews has recently been sold in a transaction. The sale took place on July 14, 2021, with a sale price of $5,700,000. The property consists of 99 units, resulting in a price per unit of $57,575.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,700,000
  • Address: 800 Beatty Rd.
  • Market: St. Andrews

The buyer of the property was @IcerProperties represented by Joseph Jemal. On the other hand, Soar Equities, represented by Adam Austein and Shlomo Tajerstein, acted as the seller. Jonathan Brody, from Rosewood Realty Group, served as the broker in this transaction.

With this transaction, @IcerProperties has acquired the multifamily property at 800 Beatty Rd., while Soar Equities has relinquished ownership. Jonathan Brody from Rosewood Realty Group has provided brokerage services in facilitating this deal.

Players

Jonathan Brody

Base Realty Group

Broker

$1.7B

vol

48 deals

Broker
Rosewood Realty Group
Rosewood Realty GroupBrokerage

Shlomo Tajerstein

Seller

$31.7M

vol

3 deals

Seller

Columbia 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

2.78%

Cash-on-Cash

-0.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93