Nitya Capital Sells Multifamily Property On Ferguson Road In Dallas To Manhattan Five Partners
11611 Ferguson Road, Dallas, TX 75228
Building Size
195,732 SF
Asset Type
MultiFamily
Closing
Mar 30, 2021
AI
The 656-unit multifamily property located at 11611 Ferguson Road in Dallas has been sold. The transaction took place on March 31, 2021. The property, sold by Nitya Capital, was acquired by Manhattan Five Partners. The deal was facilitated by brokers Alan Soclof and Mike Kerwin from Rosewood Realty Group.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
The transaction involved the sale of a sizable multifamily property in Dallas. The property, located at 11611 Ferguson Road, is comprised of 656 units. The sale was completed on March 31, 2021, with Manhattan Five Partners purchasing the property from Nitya Capital. Alan Soclof and Mike Kerwin of Rosewood Realty Group represented the parties involved in the transaction.
Players
Dallas 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