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
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