Updated Nov 28, 2024
RXR Realty Acquires Multifamily Property In Tampa For $124.7M From Mill Creek Residential
160 West Tyler Street, Tampa, Florida 33602, United States
$124,670,000
Units
353
Asset Type
MultiFamily
Closing
Apr 28, 2022
About this deal
AI
The multifamily property located at 160 West Tyler St. in Tampa has been sold. The transaction took place on April 29, 2022. The property, which was sold by Mill Creek Residential, was purchased by RXR Realty. The sale price for the property was $124,670,000. The property consists of 353 units, resulting in a price per unit of $353,173.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $124,670,000
- Address: 160 West Tyler St.
- Market: Tampa
- Seller: Mill Creek Residential - William C. MacDonald
- Buyer: RXR Realty
- Units: 353
- Price Per Unit: $353,173
William C. MacDonald represented Mill Creek Residential in the sale of the property.
On the Map
$124,670,000
MultiFamily
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Tampa 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93