Updated Mar 6, 2025
Bar Invest Group Acquires Multifamily Property In West Palm Beach For $56.2M
4860 Sand Stone Ln, West Palm Beach, Fl 33417, Usa
$56,200,000
$448/SF
Building Size
125,412 SF
Asset Type
MultiFamily
Closing
Aug 12, 2020
About this deal
AI
The multifamily property located at 4860 Sandstone Lane in West Palm Beach has been sold in a closed transaction. The property consists of 300 units and was sold for a total price of $56,200,000, resulting in a price per unit of $187,333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $56,200,000
- Address: 4860 Sandstone Lane
- Market: West Palm Beach
The seller of the property was Axonic Properties, represented by Jonathan Shechtman. The buyer was Bar Invest Group, represented by Herve Barbera. The transaction was facilitated by brokers Tal Frydman, Avery Klann, Hampton Beebe, Tyler Minix, and Jonathan Senn.
On the Map
$56,200,000
$448/SF
MultiFamily
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Players
West Palm 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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93