Better World Holdings & Crown Capital Ventures Acquire Multifamily Property In Houston For $49.1M
1110 El Camino Village Drive, Houston, TX, USA
$49,100,000
$116/SF
Building Size
423,240 SF
Asset Type
MultiFamily
Closing
Nov 18, 2021
AI
The multifamily property located at 1110 El Camino Village Drive in Houston was recently sold for a price of $49,100,000. The property spans a total of 423,240 square feet, resulting in a price per square foot of $116. This transaction took place on November 18, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $49,100,000
- Address: 1110 El Camino Village Drive, Houston
- Market: Houston
- Buyer: Better World Holdings & Crown Capital Ventures - Shia Grunzweig
Shia Grunzweig, representing Better World Holdings & Crown Capital Ventures, was the buyer in this transaction. The sale of this multifamily property showcases the active real estate market in Houston.
Players
Houston 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93