NYC investor pays $189,000 for Boca Raton apartments

21 February 2018

New York-based investment manager Angelo, Gordon & Co. has closed on the disposition of an apartment community west of Boca Raton for $64 million. The buyer, West Palm Beach-based Priderock Capital Partners, paid $189,350 per unit for the 338-unit complex. Located at 22511 Southwest 66th Avenue, the complex BelAire at Boca Raton, features one, two and three bedrooms with common amenities including a pool, clubhouse, tennis courts and a fitness center. The sale was completed with a $47.2 million mortgage granted by Keybank National Association. The seller picked up the asset for $43.9 million in 2014.

Example banner for displaying an ad. It can be higher.