Sable Palms Apartments sold for $27.5 million

The 200-unit community is at 2150 Emerson St.


  • By Dan Macdonald
  • | 1:37 p.m. December 29, 2021
  • | 5 Free Articles Remaining!
Sable Palms Apartments at 2150 Emerson St. (Google)
Sable Palms Apartments at 2150 Emerson St. (Google)
  • Real Estate
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Emerson Arms Apartments Ltd. of Jacksonville sold the 200-unit Sable Palms Apartments on Dec. 15 to Sable Palms Preservation LP of New York for $27.5 million.

The government-subsidized apartment community is on 13.5 acres at 2150 Emerson St. The unit price is $137,500.

Sable Palms Preservation received a tax-free mortgage of $35.384 million from Jacksonville Housing Finance Authority.

 

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