Updated Mar 11, 2025
Civicap Partners Acquires Multifamily Property In Houston For $61.7M
2350 Bagby Street
$61,700,000
Units
419
Asset Type
MultiFamily
Closing
Sep 28, 2022
About this deal
AI
The multifamily property located at 2350 Bagby St. in Houston has recently been involved in a closed transaction. The property spans across 5 acres and consists of 419 units. The transaction took place on 09/28/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $61,700,000
- Address: 2350 Bagby St.
- Market: Houston
- Units: 419
- Acres: 5
Civicap Partners acted as the landlord in the transaction, while AllianceBernstein and Merion Realty Partners were the sellers. Newmark served as the broker in the deal.
On the Map
$61,700,000
MultiFamily
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Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93