Updated Oct 29, 2024
Engel Realty Company Acquires Multifamily Property In New Port Richey For $15.6M
7541 Highwater Drive, New Port Richey, FL, USA
$15,600,000
$115/SF
Building Size
135,600 SF
Asset Type
MultiFamily
Closing
Dec 2, 2020
About this deal
AI
Engel Realty Company has acquired a multifamily property located at 7541 Highwater Drive in New Port Richey. The transaction, which took place on 12/03/2020, involved the sale of the property for a total of $15,600,000. The asset consists of 152 units, resulting in a price per unit of $102,632. The property is situated in the New Port Richey market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,600,000
- Units: 152
- Price Per Unit: $102,632
The transaction was facilitated by brokers Mike Donaldson and Nike Meoli from Cushman & Wakefield.
Players
New Port Richey MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Nicholas (Nick) Meoli to view all their deals.
Browse Florida multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93