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2409 South Conway Road

Trion Properties Acquires Multifamily Property In Orlando For $44.5M
SOLDMultiFamily

Trion Properties Acquires Multifamily Property In Orlando For $44.5M

$35,000,000

$104/SF

Building Size

334,352 SF

Asset Type

MultiFamily

Closing

Jan 25, 2024

AI

The property involved in this closed transaction is a multifamily asset located at 2409 South Conway Road in the Orlando market. The property consists of 344 units with a price per unit of $129,302. The total square footage of the property is 334,352, with a price per square foot of $133. The transaction was completed on 01/25/2024.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $44,480,000
  • Buyer: Max Sharkansky, Mitch Paskover, David Moghavem, Adrie Moses-Bailey & Felipe Montes de Oca - Trion Properties
  • Seller: Terra Capital Partners
  • Brokers: Ryan Moody & Paul Grant - Newmark

The buyer in this transaction, representing Trion Properties, includes Max Sharkansky, Mitch Paskover, David Moghavem, Adrie Moses-Bailey, and Felipe Montes de Oca. They were assisted by brokers Ryan Moody and Paul Grant from Newmark. The seller of the property is Terra Capital Partners.

Players

Ryan Moody

Newmark

Broker

$416.9M

vol

7 deals

Broker
Mitch Paskover

Mitch Paskover

Trion Properties

Buyer

$775.2M

vol

13 deals

Buyer
Trion Properties
Trion PropertiesBuyer

Market 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

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93