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11611 Ferguson Road, Dallas...

Nitya Capital Sells Multifamily Property On Ferguson Road In Dallas To Manhattan Five Partners
SOLDMultiFamily

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

Mike Kerwin

Rosewood Realty Group

Broker

$292.3M

vol

31 deals

Broker
MP
Manhattan Five PartnersBuyer

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