Woodward Properties Acquires Multifamily Property In Boynton Beach For $12.7M
405, 406, 503, 504, 512, 515 Southeast 20th Avenue
49,000 SF
Summary
A multifamily property located at 405, 406, 503, 504, 512, and 515 Southeast 20th Avenue in Boynton Beach has been sold for a total price of $12,700,000. The property consists of 72 units with an average price per unit of $176,389. The total square footage of the property is 49,000, resulting in a price per square foot of $259. The transaction took place on August 16, 2021, and the buyer is Woodward Properties. The sellers are Dillon Boynton represented by Austin & Lawrence Rolnick, and Kimberly Sorrentino represented by Pentaurus.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,700,000
- Units: 72
- Price per Unit: $176,389
- Square Footage: 49,000
- Price per Square Foot: $259
- Market: Boynton Beach
Woodward Properties, represented by Michael Woodward, acquired the property from the sellers, Dillon Boynton and Kimberly Sorrentino. The deal represents a significant transaction in the multifamily market of Boynton Beach.
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