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
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