Updated Oct 29, 2024
Sunrise Capital Group Acquires 316-Unit Multifamily In Katy With Broker Brett Benton
1007 Mason Road, Katy, TX 77450, USA
Building Size
255,246 SF
Asset Type
MultiFamily
Closing
Apr 17, 2021
About this deal
AI
Located at 1007 Mason Rd in Katy, this multifamily property was recently sold in a closed transaction. The property consists of 316 units, making it an attractive investment opportunity in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 04/18/2021
- Market: Katy
The buyers, David Davidenko, Julia Bykhovskaia, and Merrill Kaliser from Sunrise Capital Group, recognized the potential of this property and decided to make the purchase. They were represented in the deal by Brett Benton from Newmark, who facilitated the transaction on their behalf.
With this successful sale, David Davidenko, Julia Bykhovskaia, and Merrill Kaliser have made a strategic investment in the Katy market, adding this multifamily property to their portfolio. The expertise and guidance provided by Brett Benton from Newmark further ensured a smooth transaction for all parties involved.
Players
Katy 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