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6857 College Court

McDowell Properties Acquires Multifamily Asset At 6857 College Court In Davie For $33.6M
SOLDMultiFamily

McDowell Properties Acquires Multifamily Asset At 6857 College Court In Davie For $33.6M

6857 College Court

$40,000,000

$285,714/SF

Building Size

140 SF

Asset Type

MultiFamily

Closing

Apr 9, 2026

AI

The property asset involved in the transaction is a multifamily unit located at 6857 College Court in Davie. The transaction was completed for a total sale price of $33,600,000 and comprises 140 residential units.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $33,600,000
  • Units: 140
  • Buyer: McDowell Properties
  • Seller: Robbins Property Associates
  • Brokers: Jaret Turkell, Omar Morales & Yoav Yuhjtman - Berkadia
  • Date of Transaction: 04/10/2026
  • Address: 6857 College Court
  • Market: Davie

The transaction was facilitated by brokers Jaret Turkell, Omar Morales, and Yoav Yuhjtman of Berkadia, who played a crucial role in connecting the buyer, McDowell Properties, with the seller, Robbins Property Associates, to finalize this multifamily asset acquisition.

Players

Jaret Turkell

Berkadia

Broker

$3.2B

vol

49 deals

Broker
MP
Mcdowell PropertiesBuyer

Davie 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

0.40%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93