Updated Jun 10, 2025
5801 Northwest 17th Place
5801 Northwest 17th Place, 5850 Northwest 17th Place & 5971 Northwest 17th Place
$9,800,000
$159/SF
Building Size
20,425 SF
Asset Type
MultiFamily
Closing
Apr 30, 2025
About this deal
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
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