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2829 South Oakland Forest D...

Carroll Organization Acquires 188-Unit Multifamily In Oakland Park For $49.4M
SOLDMultiFamily

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

Building Size

Asset Type

MultiFamily

Closing

Apr 5, 2022

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.

Players

M. Patrick Carroll

Carroll Organization

Buyer

$326.5M

vol

5 deals

Buyer
AR
Atlas ResidentialSeller

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