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3035 W Pentagon Pkwy, Dalla...

Nitya Capital Acquires 712-Unit Multifamily Property In Dallas
SOLDMultiFamily

Nitya Capital Acquires 712-Unit Multifamily Property In Dallas

3035 W Pentagon Pkwy, Dallas, TX 75233, USA

Building Size

1,374 SF

Asset Type

MultiFamily

Closing

Nov 9, 2020

AI

The multifamily property located at 3035 West Pentagon Parkway in Dallas has been sold. The transaction took place on November 10, 2020. The property, consisting of 712 units, was sold by S2 Residential, represented by Scott Everett, to Nitya Capital. The deal was facilitated by Northmarq Capital.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 3035 West Pentagon Parkway
  • Market: Dallas

S2 Residential, led by Scott Everett, acted as the seller of the property. Nitya Capital, a real estate investment firm, acquired the property in the transaction. Northmarq Capital, a brokerage firm, served as the intermediary in the deal.

Players

Nitya Capital
Nitya CapitalBuyer

Scott Everett

Seller

$337M

vol

10 deals

Seller

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