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
Tamarac MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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