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Jax Daily Record Wednesday, Dec. 29, 202101:37 PM EST

Sable Palms Apartments sold for $27.5 million

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The 200-unit community is at 2150 Emerson St.
by: Dan Macdonald Staff Writer

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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