Michael Shahwan Acquires Multifamily Property In Jupiter For $5.8M

A multifamily property located at 1600 Center St in Jupiter has been sold for a price of $5,800,000. The property consists of 30 units, with an average price per unit of $193,333. The total square footage of the property is 18,872, resulting in a price per square foot of $307. The transaction took place on March 31, 2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,800,000
• Address: 1600 Center St, Jupiter
• Market: Jupiter

The property was purchased by Mr. & Mrs. Michael Shahwan and sold by Colin O'Keeffe & Guy Holbrook. The transaction was facilitated by brokers Dan Dratch, Ryan Wold, Greg Matus, and Joseph Landsberg from Franklin Street.

Joseph Landsberg, Dan Dratch, Ryan Wold, and Greg Matus represented the buyer, Mr. & Mrs. Michael Shahwan, in the deal, while Colin O'Keeffe & Guy Holbrook were represented by their own brokers.