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

Property Image
SOLD
$255,000,000
Still Hunter
Kaya Robert Suarez
JF

Florida

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MultiFamily
Sold 12/15/2021
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Property Image
SOLD

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

6055 Northwest 105th Court, Doral, FL 33178

See Similar Deals
MultiFamily
Sold 12/15/2021
Still Hunter
Kaya Robert Suarez
JF
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

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
Still Hunter
12 deals$1.6B volume
BROKER
Kaya Robert Suarez
Walker & Dunlop
Kaya Robert Suarez
9 deals$1.1B volume
BROKER
JF
Jared Frydman
5 deals$421.6M volume
BUYER
CP
Canyon Partners
SELLER
A
AECOM
SELLER

Details

SOLD
IMAGE: Still Hunter, Greg Engler & Kaya Suarez DATE: 12/15/2021 ADDRESS: 6055 NW 105th Ct MARKET: Doral ASSET TYPE: Multifamily BUYER: JSB Capital Group - Jared Frydman SELLER: AECOM-Canyon Partners BROKERS: Still Hunter, Greg Engler & Kaya Suarez - Walker & Dunlop, Inc SALE PRICE: $255,000,000 UNITS: 631 ~ PPU: $404,120

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$13,600,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$905,961.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,208,830.09
Annual Debt Service$14,505,961.14