Updated Dec 21, 2023
Red Rock Developments Acquires Multifamily Property In Dublin For €7,025,000
Merrion Road, Dublin, Dublin D04, Ireland
$7,025,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 15, 2022
About this deal
AI
Red Rock Developments, led by Bill Smith, recently completed the acquisition of a multifamily property located on Merrion Rd in Dublin, Ireland. The transaction took place on February 16, 2022, with a purchase price of €7,025,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: €7,025,000
- Date: 16/02/2022
- Address: Merrion Rd, Dublin
- Buyer: Red Rock Developments - Bill Smith
- Agent: Richard Bielenberg - Colliers
Richard Bielenberg, representing Colliers, acted as the agent in this transaction. The deal marks an important milestone for Red Rock Developments as they expand their portfolio in the multifamily sector. The property's specific characteristics and market value were not provided in the available information.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.26%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93