Updated Oct 28, 2024
Carroll Organization Acquires 188-Unit Multifamily In Oakland Park For $49.4M
2829 South Oakland Forest Drive, Oakland Park, Florida 33309, United States
$49,400,000
Units
188
Asset Type
MultiFamily
Closing
Apr 5, 2022
About this deal
AI
The multifamily property located at 2829 South Oakland Forest Drive in Oakland Park has been sold for $49,400,000. The transaction took place on 04/06/2022. The property spans across 5 acres and consists of 188 units. The price per unit comes out to be $262,766. The seller of the property was Atlas Residential.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $49,400,000
- Address: 2829 South Oakland Forest Drive
- Market: Oakland Park
- Acreage: 5
The buyer of the property is Carroll Organization, represented by M. Patrick Carroll. The sale was facilitated by M. Patrick Carroll from Carroll Organization. No additional details were provided about the deal.
On the Map
$49,400,000
MultiFamily
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Oakland Park 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93