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741 Clay Street, Winter Par...

The Praedium Group Acquires Winter Park Multifamily For $75.5M
SOLDMultiFamily

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

Peter Calatozzo

Praedium Group

Buyer

$375.5M

vol

6 deals

Buyer

Trammell Crow

Seller

$655.5M

vol

6 deals

Seller

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