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160 West Tyler Street, Tamp...

RXR Realty Acquires Multifamily Property In Tampa For $124.7M From Mill Creek Residential
SOLDMultiFamily

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

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.

Players

RXR Realty
RXR RealtyBuyer

William MacDonald

Mill Creek Residential

Seller

$414.6M

vol

5 deals

Seller

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