Updated Oct 28, 2024
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
About this deal
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.
On the Map
$49,100,000
$116/SF
MultiFamily
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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