Updated Oct 29, 2024
TerraCap Management Acquires Multifamily Property In Orlando For $52M
2490 S Conway Rd, Orlando, FL, USA
$52,000,000
$41,834/SF
Building Size
1,243 SF
Asset Type
MultiFamily
Closing
Jan 21, 2021
About this deal
AI
The multifamily property located at 2490 S Conway Rd in Orlando, has been sold for $52,000,000. The transaction took place on January 22, 2021. The property consists of 344 units, resulting in a per-unit price of $151,163.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $52,000,000
- Address: 2490 S Conway Rd, Orlando
- Market: Orlando
TerraCap Management, represented by Larry Krauss, purchased the property from InvestRes. Larry Krauss acted as the buyer's representative in the deal.
The multifamily sale at 2490 S Conway Rd, Orlando, FL, USA in Orlando, Florida sold for $52M in 2021. Reported inventory is 1,243 square feet across 344 units, or about 41.8K per square foot. This page is the Orlando, Florida file for the 2490 S Conway Rd, Orlando, FL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Orlando sit in the Market section below. Filter that Orlando multifamily set by closing date to see what else sold near 2490 S Conway Rd, Orlando, FL, USA around 2021. Published consideration for 2490 S Conway Rd, Orlando, FL, USA is $52M, dated 2021. Cite this TerraCap Management Acquires Multifamily Property In Orlando For $52M sale when underwriting similar multifamily product around Orlando, Florida.
Players
Orlando 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93