Updated Oct 28, 2024
Crow Holdings Acquires 640-Unit Multifamily Property In Fort Myers For $139.5M
3701 Winkler Avenue, Fort Myers, Florida 33916, United States
$139,500,000
Units
640
Asset Type
MultiFamily
Closing
Feb 10, 2022
About this deal
AI
The multifamily property located at 3701 Winkler Ave in Fort Myers has been sold in a closed transaction for a sale price of $139,500,000. The property consists of 640 units, with a per unit price of $217,969.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $139,500,000
- Address: 3701 Winkler Ave, Fort Myers
- Market: Fort Myers
- Buyer: Crow Holdings - Michael Levy
- Seller: DASAG Retreat LLC
- Units: 640
- Price Per Unit: $217,969
The buyer for this transaction is Crow Holdings, with Michael Levy representing them. The seller is DASAG Retreat LLC.
Players
Fort Myers 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93