Updated Mar 21, 2025
Rick Fogelman And Thomas Henry Of Fogelman Properties Acquire Humble Multifamily Asset With 258 Units
10373 North Sam Houston Parkway East
Units
258
Asset Type
MultiFamily
Closing
Mar 20, 2025
About this deal
AI
The property asset involved in this transaction is a multifamily complex located at 10373 North Sam Houston Parkway East in Humble. It consists of 258 units.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: Not specified
- Address: 10373 North Sam Houston Parkway East
- Market: Humble
- Units: 258
- Buyer: Rick Fogelman & Thomas Henry - Fogelman Properties; Tony Dona & Mary Hager - Thackeray Partners
This deal involves notable participants, including Rick Fogelman and Thomas Henry representing Fogelman Properties, alongside Tony Dona and Mary Hager from Thackeray Partners. These parties played crucial roles in facilitating the transaction of this multifamily asset.
Humble 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