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5801 Northwest 17th Place

5801 Northwest 17th Place
FINANCEDMultiFamily

5801 Northwest 17th Place

5801 Northwest 17th Place, 5850 Northwest 17th Place & 5971 Northwest 17th Place

$9,800,000

$159/SF

Building Size

61,275 SF

Asset Type

MultiFamily

Closing

Apr 30, 2025

AI

The transaction involves a multifamily asset located at 5801 Northwest 17th Place, 5850 Northwest 17th Place, and 5971 Northwest 17th Place in the Sunrise market. This asset comprises 145 units and a total square footage of 121,211. A refinance loan of $9,800,000 has been secured for this property with terms set for 10 years.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $9,800,000
  • Loan Type: Refinance
  • Loan Terms: 10 Years
  • Units: 145
  • Square Footage: 121,211
  • Address: 5801 Northwest 17th Place, 5850 Northwest 17th Place & 5971 Northwest 17th Place
  • Market: Sunrise
  • Brokers: Dakota Brown, Dan Dratch, & Ryan Wold - Franklin Street

The individuals involved in this transaction include Dakota Brown, Dan Dratch, and Ryan Wold, who acted as brokers representing the deal for Franklin Street. Their expertise contributed to the successful refinancing of the multifamily property, aligning financial terms to meet the current market conditions.

Players

Dan Dratch

Franklin Street

Broker

$267.8M

vol

48 deals

Broker
Franklin Street
Franklin StreetBrokerage

Sunrise MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.62%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93