Updated Oct 28, 2024
Josh Bernstein's Wynmor Management, LLC Acquires 252-Unit Multifamily In Oklahoma City, OK For $13.6M
11239 North Pennsylvania Avenue, Oklahoma City, Oklahoma 73120, United States
Units
252
Asset Type
MultiFamily
Closing
Dec 9, 2021
About this deal
AI
A multifamily property in Oklahoma City, OK has recently been sold for $13,600,000. The property, located at 11239 N Pennsylvania Ave, consists of 252 units. The sale took place on December 9, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $13,600,000
- Address: 11239 N Pennsylvania Ave, Oklahoma City, OK
- Units: 252
Josh Bernstein, representing Wynmor Management, LLC, acted as the buyer in this transaction. The buyer mentioned that they, along with their global private equity partners, are focused on acquiring multifamily apartment complexes and developing apartments in various markets including OK, AL, AR, KS, KY, FL, GA, and TX. For further inquiries, they can be contacted at 212-426-2641 or [email protected].
The sale was facilitated by Derek Wilson from Cushman & Wakefield, serving as the broker for the deal.
Players
Oklahoma City 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93