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
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