Updated Oct 28, 2024
Infinity BH Real Estate Investments Acquires Multifamily Property In Tampa For $41.25M
6919 Bonair Drive, Tampa, FL 33617, USA
$41,250,000
$5,934/SF
Building Size
6,951 SF
Asset Type
MultiFamily
Closing
Sep 3, 2021
About this deal
AI
The multifamily property located at 6919 Bonair Drive in Tampa has been sold for a total price of $41,250,000. The property consists of 300 units, making the price per unit $137,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $41,250,000
- Units: 300
- Price per Unit: $137,500
The buyer of the property is Infinity BH Real Estate Investments, while the seller is Coastline Management Group Inc represented by Eyal Mehaber and EMC Capital Group LLC. The deal was facilitated by brokers Mike Donaldson and Nick Meoli from Cushman & Wakefield.
Players
Tampa 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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93