Updated Oct 28, 2024
JSB Capital Group Acquires Multifamily Property In Doral For $255M
6055 Northwest 105th Court, Doral, FL 33178
$255,000,000
Units
631
Asset Type
MultiFamily
Closing
Dec 15, 2021
About this deal
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.
On the Map
$255,000,000
MultiFamily
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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