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6055 Northwest 105th Court,...

JSB Capital Group Acquires Multifamily Property In Doral For $255M
SOLDMultiFamily

JSB Capital Group Acquires Multifamily Property In Doral For $255M

6055 Northwest 105th Court, Doral, FL 33178

$255,000,000

Building Size

Asset Type

MultiFamily

Closing

Dec 15, 2021

AI

Located in Doral, the multifamily property at 6055 NW 105th Ct has recently been sold in a transaction that closed on December 15, 2021. The property, consisting of 631 units, was purchased by JSB Capital Group, represented by Jared Frydman. The seller in the deal was AECOM-Canyon Partners. The transaction was facilitated by Still Hunter, Greg Engler, and Kaya Suarez of Walker & Dunlop, Inc.

Summary of Transaction Details

  • Property Type: Multifamily
  • Sale Price: $255,000,000
  • Units: 631
  • Price Per Unit (PPU): $404,120

This sale marks a significant achievement in the Doral market, indicating a strong investment opportunity for JSB Capital Group. The transaction was successfully completed with the assistance of Walker & Dunlop, Inc, represented by Still Hunter, Greg Engler, and Kaya Suarez. With this acquisition, JSB Capital Group expands its portfolio and strengthens its presence in the real estate market.

Players

Still Hunter

Walker & Dunlop

Broker

$1.6B

vol

12 deals

Broker

Jared Frydman

JSB Capital Group

Buyer

$421.6M

vol

5 deals

Buyer
CP
Canyon PartnersSeller
A
AECOMSeller

Miami 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

0.06%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93