The Praedium Group Acquires Winter Park Multifamily For $75.5M
741 Clay Street, Winter Park, Florida 32789, United States
$75,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 11, 2022
AI
The multifamily property located at 741 Clay St. in Winter Park has been sold for a total of $75,500,000. The transaction took place on 01/11/2022 and was facilitated by Trammell Crow, who acted as the seller. The property consists of 222 units, with an average price per unit of $340,090.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $75,500,000
- Units: 222
- Price Per Unit: $340,090
- Address: 741 Clay St.
- Market: Winter Park
The buyer in this transaction is The Praedium Group, represented by Peter Calatozzo. They acquired the property from Trammell Crow. The sale of this multifamily asset represents a significant investment in the Winter Park market.
Players
Orlando 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93