Westmount Realty Capital Acquires Winter Park Multifamily For $62.3M
1701 Lee Rd, Winter Park, Florida 32789, United States
$62,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 28, 2022
AI
A multifamily property located at 1701 Lee Rd in Winter Park has been sold for a total of $62,300,000. The property consists of 228 units, with a price per unit of $273,246.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $62,300,000
- Address: 1701 Lee Rd
- Market: Winter Park
- Buyer: Westmount Realty Capital - Cliff Booth
- Units: 228
- Price Per Unit: $273,246
Westmount Realty Capital, represented by Cliff Booth, participated in the purchase of the multifamily property at 1701 Lee Rd in Winter Park. This transaction marks a significant investment in the Winter Park market.
Players
Winter Park 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93