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10011 S Nob Hill Cir, Tamar...

Symphony Residential Acquires 129-Unit Multifamily Property In Tamarac For $16.9M
SOLDMultiFamily

Symphony Residential Acquires 129-Unit Multifamily Property In Tamarac For $16.9M

10011 S Nob Hill Cir, Tamarac, FL 33321, USA

$16,900,000

$22,533/SF

Building Size

750 SF

Asset Type

MultiFamily

Closing

Jun 23, 2020

AI

Date: 06/24/2020

An apartment complex located at 10011 South Nob Hill Circle in Tamarac has been sold in a closed transaction. The property, classified as a multifamily asset, was purchased for a total of $16,900,000. It consists of 129 units, with an average price per unit of $130,620.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $16,900,000
  • Address: 10011 South Nob Hill Circle, Tamarac
  • Market: Tamarac
  • Units: 129
  • Price Per Unit: $130,620

The buyer of the property is Symphony Residential, while the seller is Coastline Management Group. The deal was mediated by Tal Frydman, Avery Klann, Hampton Beebe, Tyler Minix, and Jonathan Senn from Newmark Knight Frank, acting as brokers for the transaction.

Players

Hampton Beebe

Newmark

Broker

$1.2B

vol

19 deals

Broker
CG
Coastline Management GroupSeller

Tamarac MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.94%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93