Bar Invest Group Acquires Multifamily Property In West Palm Beach For $56.2M

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.