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
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